1435 Plenty RoadMernda VIC 3754
Property Details for 1435 Plenty Rd, Mernda
Last Listing description (April 2023)
Stonebridge Property Group is privileged to present for sale Mernda Junction Shopping Centre, a dominant neighbourhood centre located in a high growth corridor of Melbourne.
The key highlights of the opportunity include:
- High quality neighbourhood centre anchored by a full-line Coles Supermarket and Liquorland plus a Chemist Warehouse, 16 specialty shops and 2 kiosks
- Long WALE of 11.8 years* (by area) underpinned by a rare 20 year lease to Coles from 2019
- Exceptional Coles performance, trading well in excess of the percentage rent threshold since opening year
- Strong income growth potential with specialty rents 25% below benchmark^ and specialty rent reviews of 4%-5%
- The only Coles in a large and growing Main Trade Area of 68,280 people^^
- Convenient combination of open-air and undercover parking for 321 vehicles (1 per 21.9 sqm GLAR)*
- Estimated fully leased net operating income of $3,273,875 p.a.*
Mernda Junction Shopping Centre is offered for sale via International Expressions of Interest closing Wednesday 23rd November at 5:00pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Justin Dowers
0438 098 805
Carl Molony
0439 032 028
Kevin Tong
0422 848 818
* Approximately
^ Urbis Single Supermarket Benchmark
^^Location IQ
Property Code: 537
Property History for 1435 Plenty Rd, Mernda, VIC 3754
- 01 Aug 2025Sold for $58,500,000
- 23 Nov 2022Listed for Sale Contact Agent
- 28 Apr 2020Listed for Rent - Price not available
Recent sales nearby
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0About Mernda 3754
The size of Mernda is approximately 22.5 square kilometres. It has 104 parks covering nearly 9.4% of total area. The population of Mernda in 2016 was 16458 people. By 2021 the population was 23369 showing a population growth of 42.0% in the area during that time. The predominant age group in Mernda is 30-39 years. Households in Mernda are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mernda work in a professional occupation.In 2021, 69.40% of the homes in Mernda were owner-occupied compared with 69.90% in 2016.
Mernda has 10,830 properties. Over the last 5 years, Houses in Mernda have seen a 29.66% increase in median value, while Units have seen a 33.70% increase. As at 31 December 2025:
- The median value for Houses in Mernda is $794,276 while the median value for Units is $541,754.
- Houses have a median rent of $550 while Units have a median rent of $490.
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