Adelaide, 02 December 2015 – A Mount Gambier retail property located within a leading local retail precinct has recently been listed for lease through CBRE.
CBRE’s Dallas Sears and Matt Willis will steer the leasing campaign for the 1,680sqm retail outlet development, which is situated in Mount Gambier Shopping Centre at 143 – 149 Commercial Street East.
The site offers two flexible size floor plates, rear access loading, ample parking and strong development potential with existing planning approvals. The site is adjacent to national supermarket giant Woolworths, which provides consistent foot traffic to the area.
Ms Sears said strong interest in the site is expected from a range of local and national retailers, underpinned by the prime location in an established retail centre which is arguably one of Mount Gambier’s busiest trading centres.
“The recently refurbished centre is located in a strong trade area that attracts over 20,000 customers each week and offers extensive customer parking for over 300 vehicles.”
“The site presents an exciting opportunity in today’s market, affording retailers the ability to secure a well-positioned retail site boasting large floor plates, high profile corner position, and the ability to capitalise on development potential,” Mr Willis added.
The site is being offered for lease on behalf of Mt Gambier Shopping Centre Pty Ltd, with asking rentals in the vicinity of $245 per square metre as a gross rent.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.