Beaconsfield hub retail centre listed

The Beaconsfield Hub retail centre within the growing Cardinia Shire to Melbourne’s south-east has been listed for sale. 

Located at 52-62 Old Princes Highway, Beaconsfield Hub is a 1,883 sqm convenience-based retail complex anchored by nine specialty retailers. 

Having opened in 2010, the centre last changed hands in 2014 for $7.4 million and has a strong record of 100 per cent occupancy.

The property’s nine, separately titled investments, positioned on a 4,600 sqm Commercial 1-zoned site, will be sold in one line, with the scope for future subdivision and development (STCA). 

The fully-leased complex occupies 135m of street frontage across the Old Princes Highway and Souter Street and is accompanied by on-title parking for 71 cars.

Rorey James, Nic Hage and JJ Heng from CBRE’s Melbourne & Mornington Peninsula Strip Retail Investments team are managing the Expressions of Interest campaign closing on September 3, 2020.

Melbourne’s south-eastern corridor continues to appeal to investors, with CBRE transacting the Arena Shopping Centre, Lakeside Square Shopping Centre, Bunnings Warehouse Clyde North, Woolworths Clyde North, Keysborough Shopping Centre and a Narree Warren Medical Centre in recent years.