Colonial First State to Sell Slither of Shops Alongside Forest Hill Chase SC
The portfolio includes a three level former cinema at 63 – 67 Mahoneys Road.
Given rentals start at $14,800 per annum, Mr Darcey is expecting the portfolio to attract interest from budget-buying mum and dad private investors.
Colonial First State acquired the strip of shops, at the corner of Mahoneys and Canterbury roads, when it acquired the major shopping complex for $214.5 million in late 2004.
