Savills | Gilles Plains Shopping Centre, 575 North East Road, Gilles Plains | Properties for sale
11,952 sq m
Price on application

Gilles Plains Shopping Centre575 North East Road, Gilles Plains

    Key features

    • 11,952sq m* GLA with 76% of GLA leased to nationals with 96% of tenants food and service related
    • Convenient at-grade car parking for 464 cars accessed via 5 street frontages
    • Net Market Income (fully leased) $4.65m*
    • For Sale by Expressions of Interest closing Wednesday 25 March 2020 at 4.00pm (ACDT)
    • Strategic high profile position (80,000* passing vehicles daily), located 11 kilometres north east of the
    • Adelaide CBD with a site area of 38,090sq m*
    • Triple anchored – Woolworths supermarket, Aldi Supermarket and Dan Murphy’s Liquor Store together
    • with McDonalds and Woolworths Caltex pad site
    • $30m redevelopment and refurbishment completed 2016, immaculate presentation
    • WALE (by income) 9.09 years and Majors WALE (by income) 13.32 years

    Triple Anchored Shopping Centre

    About this property

    • Originally constructed in 1989, the centre underwent a $30 million redevelopment and expansion in July 2016.
      The high profile location on North East Road provides prominent exposure on the major thoroughfare of the region.

    Local information

    • The subject property is located in Gilles Plains, about 10 kilometres north-east of the Adelaide GPO. The property is more particularly located on the corner of North East and Sudholz Roads, both being major thoroughfares carrying high volumes of passing traffic at most times. The site also has frontage to Milbank Avenue and Lynton Avenue.
    • North East Road is developed with a diverse variety of smaller retail and commercial premises, with the

    Available space

    LevelTenancySale TypePriceAreaSqmStatus
    n aExpression of Interest6500000011952.00sq mAvailable