Leasing

Just 23km north of the Melbourne CBD and home to Melbourne’s newest railway terminus, this is an exciting, expanding, high growth area and your chance to secure premium retail space.

Central South Morang, on completion, will be a 12,000sqm purpose built neighbourhood shopping centre comprising ground level supermarket, specialty and large format retail, restaurant, flexible first and second floor office space, and associated ground and first floor parking. It offers an unparalleled opportunity for retailers to establish a major presence in this exciting and burgeoning growth corridor of Melbourne.

Minutes from the Hume Highway and Western Ring Road, Central South Morang has a prominent location in the South Morang Activity Centre, directly opposite Westfield Plenty Valley Town Centre.

Why Central South Morang?

• Prominent location opposite Westfield Plenty
• Valley and close to South Morang Station
• Join Woolworths, Red Rooster, Tasman Fresh Meats and a variety of other retailers
• 303 on grade car parks in Stage 1
• Areas from 22sqm – 800sqm
• Trade area population in excess of 93,270 (approx.) and growing

Spending potential

Retail spend in the main trade area is forecast to grow from $1 billion to $1.7 billion by 2022, representing an average annual growth rate of 5.1%[2].

People

Be part of one of Victoria’s fastest growing municipalities. The City of Whittlesea’s population is forecast to grow from 163,539 to 233,890 over the period 2011 – 2021. This is an average growth of 3.6% per annum over the period, and more than twice the forecast average annual population growth rate for Victoria.*

Growing trade area

The main trade area population encompassing Epping North and Plenty Valley urban growth areas is estimated to be 93,270 people and this is forecast to increase to 126,250 by 2022.**

Demographics

Higher levels of home ownership, a higher proportion of families with children, and a younger age profile relative to metro Melbourne.