Sunshine West Shopping Centre, Melbourne, Sells For $4.95 Million

THE SHOPPING Centre, at 136 The Avenue, in Sunshine West, Melbourne, sold to a high net worth private investor for $4.95 million.

On a 13,340 square metre block, and with 3997 square metres of lettable retail area, the sale price reflects a yield of 9.6 per cent. Anchor tenant Coles contributes to the majority of the annual $565,000 annual rent. The centre, west of Melbourne, also includes 196 car park bays.

Colliers International’s Jeremy Gruzewski and Ted Dwyer marketed the shopping centre.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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