 Asset Class: | Retail |
 Price: | $ 9650000 |
 Net Yield: | 6.05 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional commercial property presents a rare opportunity to acquire a high-performing retail centre, Amart Shepparton, in the heart of Shepparton. Located approximately 190km* north of Melbourne CBD and 170km* southwest of Albury, the property offers strong investment potential.<br> <br>Amart Shepparton is positioned on the major arterial Benalla Road, within Shepparton’s Bulky Goods Precinct. It is surrounded by national retailers, including Woolworths, Coles, Kmart, ALDI, Chemist Warehouse, and JB Hi-Fi. The asset is ideally located, boasting 68m* of frontage to Benalla Road and Midland Highway, which sees approximately 22,000 cars daily.<br> <br>Shepparton, Victoria’s fifth-largest regional city, had a population of 68,925 in 2022, projected to grow by 16.3% to 81,905 by 2036. The city has a strong GDP of $4.1 billion and benefits from ongoing government investment in infrastructure. Shepparton’s total trade expenditure is also expected to grow at 3.2% p.a., rising from $2 billion in 2022 to $3.1 billion by 2036.<br> <br>The property sits on an 8,094sqm* site and features a total net lettable area of 3,201sqm*. It is 100% leased to national retailer Amart, with a brand-new 8-year lease commencing on April 28, 2025, and options extending until 2057. The property includes a high-quality fit-out, 130 car parks, and rear loading access, providing significant depreciation benefits.<br> <br>Generating a net income of <span style="color:rgb(51, 51, 51);">$584,359.00 per annum</span>, the centre benefits from annual rental increases of 3%, ensuring consistent long-term growth.
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Is this property in a flood zone?
Is this lease a leaseback arrangement?
Shepparton, located in regional Victoria, is a thriving commercial and residential hub known for its strong economic growth and strategic positioning. As the fifth-largest regional city in Victoria, Shepparton had a population of 68,925 in 2022, with projections indicating a 16.3% increase to 81,905 by 2036. This steady population growth is driven by strong local industries, infrastructure investment, and an expanding residential market.<br><br>The city boasts a robust GDP of $4.1 billion, supported by diverse industries, including agriculture, manufacturing, and retail. Shepparton continues to benefit from ongoing government investment in infrastructure, enhancing its connectivity and economic prospects.<br><br>Shepparton’s retail and trade sectors are also experiencing significant growth, with total trade expenditure expected to rise at 3.2% per annum, increasing from $2 billion in 2022 to $3.1 billion by 2036. This economic expansion, combined with strategic development initiatives, positions Shepparton as a key regional centre for business, investment, and lifestyle opportunities.
Additional Location Information FileAmart Furniture: <a target="_blank" href="https://www.amartfurniture.com.au/?srsltid=AfmBOoreTDWnlvzuY-IFUaFTk2O5FSMdgegVb9VNARIBsiFPC0f1sh0T" style="">https://www.amartfurniture.com.au/?srsltid=AfmBOoreTDWnlvzuY-IFUaFTk2O5FSMdgegVb9VNARIBsiFPC0f1sh0T</a><br> <br>Amart furniture opened their first store in 1970 in Brisbane, Queensland. Since then,<br>they have grown to 68 stores across Australia, including 20 in Queensland, 20 in New<br>South Wales, 13 in Victoria, 8 in Western Australia, 3 in South Australia and 1 in Tasmania,<br>the Australian Capital Territory and the Northern Territory. Amart employs over 1,000<br>Australians and prizes themselves on helping Australians transform their hoses into homes.
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Amart Shepparton, VIC - 3,201 sqm - $223/sqm Amart Warrnambool (HOA), VIC - 3,200 sqm - $238/sqm Amart Knoxfield, VIC - 5,282 sqm - $244/sqm Amart Pakenham, VIC - 3,851 sqm - $252/sqm Amart South Morang, VIC - 3,763 sqm - $310/sqm Amart Rockhampton, QLD - 5,054 sqm -$244/sqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Retail Centre - Amart Shepparton</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Strategic Location</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High Exposure - 22,000 cars passing daily.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High-Quality Asset:</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Land Area – 8,094 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Lettable Area - 3,201sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">100% leased to national retailer Amart</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Brand-new 8-year lease commencing</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Options until 2057</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Modern, high-quality fit-out</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Car Parks 130</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Depreciation Benefits</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net income - $</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">584,359.00</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> per annum.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Annual Rental Increases - 3%</span></p></li></ul>
