Coles Essendon, 1144 Mt Alexander Road & 19 Winifred Street, Essendon, VIC 3040

Development/Land | Retail | Showrooms

Sold

  • Property ID: 442720
  • Floor Area: 2503m²
  • Land Area: 7370m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 21/06/2024 2503m2 7370m2 Contact Agent
Essendon’s Premier Development & Income Producing Opportunity

Stonebridge Property Group is pleased to present for sale Coles Essendon, a substantial 7,370 sqm* Commercial 1 zoned landholding in the heart of the North Essendon Activity Centre with strong existing income.

The key highlights of the opportunity include:

- One of Essendon’s largest Commercial 1 zoned landholdings, providing unmatched scope for future development (STPA)

- Strong & secure existing income anchored by a freestanding Coles supermarket paying substantial percentage rent

- Unparalleled connectivity with a tram stop 90 m* away plus immediate access to major roads, bus and train services (950 m* to Glenbervie Station)

- Adjoining parklands & benefitting from excellent dining options, schools and airports nearby

- Situated in the heart of the Essendon North Activity Centre as part of Victoria’s Housing Statement

- Affluent demographic with a median house price of $1.76 million^ supporting strong residential and retail demand

- Estimated fully leased net operating income of $724,952* p.a

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Julian White
0422 764 137

Justin Dowers
0438 098 805

Chao Zhang ??
0411 625 068

*Approximately
^REIV December Quarter 2023

Property Code: 925

Essendon Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $5022 $120 2.38%
Offices $8502 $120 1.41%
Industrial --- --- ---
This is the average advertised price, rent and yield for Essendon, VIC 3040*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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