A collection of 14 large format retail assets is being offered for sale by a private investor, with the sizeable offering boasting national tenants such as Chemist Warehouse, The Salvation Army and F45 Fitness.

The CBRE team of Jaycen Willox, Nathan Mufale, Scott Hawthorne & JJ Heng is marketing 189-209 Mornington-Tyabb Road, Mornington via an international Expressions of Interest process. Combined, the assets deliver a net annual return of approximately $1,043,233.

The offering hits the market at a time when the large format retail sector is surging in popularity. Investors are turning to the sector as they gravitate towards assets that can withstand any foreseeable headwinds.

“Income-producing assets underpinned by quality tenants on long leases are highly sought after by opportunity-starved domestic, interstate and international investors, particularly in the current environment,” Mr Willox said.

“We expect strong local and overseas interest for this collection of premium retail assets. It ticks several boxes on an investor’s wish list when you factor in the AAA rating of the tenants, coupled with the large landholding and main road position.”

Spanning 9,372sqm of land, the properties are located close to the Peninsula Link Freeway, Mornington’s Main Street retail precinct and directly opposite Mornington Racecourse. Excellent on-site parking is provided and the high exposure site benefits from over 470,000 vehicles passing by each month.

“The large format retail market continues to surge in popularity. After spending much of the past two years inside, families are investing money to revamp their homes, whether it be remodeling their interiors or upgrading outdoor dining arrangements. The sector will continue to see growth due to the strong national residential market,” Mr Mufale said.

“There is a lack of quality retail investments currently on offer in the market, and this sale will provide the opportunity for investors to purchase an investment they can add value to and capitalise on the continued growth of the Mornington Peninsula.”

The International Expressions of Interest process is due to close in August 2022. 

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.