CBRE has the pleasure to exclusively offer for sale Springlands Shopping Centre, 105-113 & 131 Middle Renwick Road, Blenheim.
This supermarket-anchored retail centre is suitable for long-term investors and value-add developers alike with various scenarios.
131 Middle Renwick Road contains a neighbourhood shopping centre which is anchored by supermarket giant Woolworths and supported by five specialty tenancies as well as a standalone medical centre.
113 Middle Renwick Road contains a modern hospitality premise with road frontage occupied by Speights Ale House which the vendor operates. The vendor will consider several leaseback options for this property.
Surrounding Speights Ale House are 105, 107, 107a, 109 and 109a Middle Renwick Road across four separate freehold titles and is considered landholding suitable for future development.
The properties are being offered to the market with multiple buying options being a single holding or separate individual properties. In addition to a 100% outright sale, the vendor is also open to proposals to retain a part shareholding in a purchaser’s new ownership entity.
Key Features:
- Value-add opportunity
- Investment and redevelopment options
- Large underlying landholding with multiple titles
- Strong regional location and catchment
- High profile frontage to State Highway
- Various purchase options
105-113 & 131 Middle Renwick Road is being sold by way of Expressions of Interest closing Thursday 4th of July 2024 at 4:00pm (unless sold prior).
For further information or to arrange an inspection, please contact the exclusive CBRE agents, Tim Rookes or Cameron Darby.
