Colonial First State to Sell Slither of Shops Alongside Forest Hill Chase SC

COLONIAL First State is selling a suburban shopping strip, next door to its massive Forest Hill Chase Shopping Centre, in Melbourne’s east.

The 23 shops, configured predominantly as single storey buildings, are leased to a total of 26 tenants including ANZ, H&R Block and Taco Bill.

The shops will be sold separately, and are expected to sell on yields of between 3 and 4 per cent, according to Gross Waddell selling agent Tim Darcy.

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