Project Description

Address

75 Lynbrook Blvd, Lynbrook VIC 3975

Purchase price

$30.0 million

Acquisition date

November 2013

Description

Lynbrook is located in Melbourne’s South-East growth corridor 36km from the CBD and is well located on a major highway. It is an open air “main street” designed convenience based shopping centre opened in 2007.

Features

Anchored by a full line 3,623m2 Coles, the centre has 30 speciality stores, 2 ATM’s and parking for 376 cars on both sides of the centre.

Key tenants

Coles, Lynbrook Medical Village, Pharmacy Select.

Passing yield

6.3%1

Weighted average lease expiry (WALE)

5.8 years1

IMAGE GALLERY

1 Calculated as of 30 June 2017