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.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of