For Sale
Waverley Gardens Shopping Centre, South East Melbourne VIC
271 Police Road, Mulgrave VIC 3170

Stonebridge Property Group and JLL are pleased to present for sale Waverley Gardens Shopping Centre, a triple supermarket anchored retail investment underpinned by a strategic 10.6 ha* land parcel positioned 25 km* south-east of Melbourne’s CBD and prominently on the Monash Freeway.

Key highlights of this opportunity include:

  • Triple supermarket anchored retail, generating $114m in grocery turnover^ with the only full-line supermarkets in the Primary Trade Area^^.
  • 10.6 ha* strategic landbank with Commercial 1 zoning & one of only ten sub-regionals in Melbourne over 10 ha*
  • Highly connected with 1.35 million people residing within a 20-minute drive time (26% of Melbourne’s population)^^ and major road projects to extend reach.
  • Major repositioning completed in 2022, featuring a new $22m* Super Fresh precinct & 71%* of income weighted towards fresh food, essential needs and retail services.
  • Outstanding income growth potential with low average major rents of $251/sqm* & specialty rents 21% below benchmark**.
  • Institutional-grade sustainability including 100% of energy from solar and renewables. 5-Star NABERS Energy rating.
  • Immense development potential including mixed-use, residential & last mile logistics + concept schemes for 848* residential units over multiple stages (STCA).

Waverley Gardens Shopping Centre is For Sale via Expressions of Interest.

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

^Source: Incl. GST & Henry’s Mercato MAT

^^Source: LocationIQ

**Source: Basket of Melbourne Metropolitan Sub-Regional Shopping Centres


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