NORTH EAST VICTORIA S NEWEST SHOPPING HUB

Transcription

1 NORTH EAST VICTORIA S NEWEST SHOPPING HUB PLUS SPECIALTY SHOPS EXPRESSIONS OF INTEREST 2 PARK ST SYDNEY

2 ABOUT THE PROJECT Mann Central is a new shopping Centre being developed in the heart of the thriving regional city of Wodonga. The Centre is part of the redevelopment of the Wodonga CBD. This Centre will feature a new Coles, Kmart and 40 specialty shops. The Centre will become the most convenient Centre within the trade area with 650 car spaces, including 400 undercover. Mann Central will be the fresh food, lifestyle and fashion hub for North East Victoria located in the heart of Wodonga s Central Business Area. A high proportion of retail expenditure (50 55%) * escapes Wodonga due to the historical poor retail offer in Wodonga. Mann Central will change this! An exceptional destination Strong regional city Contemporary and convenient Centre Ample undercover car park Large affluent trade area Integrated with Wodonga CBD Join one of Victoria s strongest growing, regional cities. *Source: MacroPlan DiMasi Report, October 2013, Mann Central Wodonga, Recommended tenancy mix and estimated sales potential. Wodonga Council Vic report, Economic Indicators, City of Wodonga VIC.

3 REGIONAL CONTEXT Howlong RIVERINA HWY NSW URANA R D WAGGA RD HUME HWY HWY MURRAY VALLEY Chiltern BEACHWORTH CHILTERN RD Barnawartha FWY HUME SECONDARY Wodonga services the towns of Rutherglen, Beechworth, Yackandandah, Chiltern, Tallangatta, Baranduda BEECHWORTH WODONGA RD YACKANDANDAH WODONGA RD HWY RIVERINA PRIMARY Mann Central SC (p) Baranduda Yackandandah HWY KIEWA VALLEY MURRAY VALLEYHWY VIC Tallangatta Tangambalanga Beechworth NSW WAGGA WAGGA CANBERRA ALBURY Sydney 559 kms BENDIGO SHEPPARTON Melbourne 321 kms WODONGA WANGARATTA Albury-Wodonga is recognised as Australia s 17 th largest city by Regional Cities Australia. VIC BALLARAT MELBOURNE

4 FAST FACTS AVERAGE HOUSEHOLD INCOME * Albury-Wodonga 180,000 people in wider catchment Population growth 1.6% population in Wodonga now has the highest median household income of regional cities in Victoria $1,200 $1,000 Median resident age 35 years (national avg is 37 yrs) $800 $600 $1,075 $1,049 $1,025 $1,025 $991 $988 $980 $946 $942 $913 $878 Median weekly household income $1,075 (Wodonga) $400 $200 $0 Wodonga Greater Geelong Warnambol Albury Greater Bendigo Ballarat Greater Shepperton Horsham Latrobe Wangaratta Mildura *Source: 2014 Wodonga Council Vic report, Economic Indicators, City of Wodonga VIC STRONG AND GROWING ECONOMY * 3.4% 9.2% 16.5% Wodonga enjoys a diverse growing economy not reliant on any one particular sector 3.7% 4.0% 4.5% 4.7% 14.1% Manufacturing Food And New Tech Health Care & Social Assistance Public Administration & Safety Retail Trade Education & Training Construction Transport, Postal & Warehousing Accommodation & Food Services 5.9% Professional, Scientific & Technical Other Services 9.2% 13.6% Wholesale Trade Miscellaneous 11.3% *Source: 2014 Wodonga Council Vic report, Economic Indicators, City of Wodonga VIC

5 FAST FACTS GROWTH IN HEADLINE GPR * 4.5% 4.0% Wodonga Bendigo 3.5% Victoria Wodonga s GPR grew by $ 514m in the period (Albury Wodonga: $ 841m) Wodonga s growth rate was 3.20%pa between , making it the second fastest growth of all regional cities (Albury Wodonga: 2.24%) ^Size of bubble denotes size of GPR in % 2.5% 2.0% 1.5% 0.5% Warrnambool Wangarratta Horsham Mildura Shepparton Latrobe 0.0% ,000 Ballarat Albury - Wodonga Absolute Change in GPR ($m) Geelong Regional Victoria 1,500 2,000 2,500 *Source: MacroPlan DiMasi Report, October 2013, Mann Central Wodonga, Recommended tenancy mix and estimated sales potential. Wodonga Council Vic report, Economic Indicators, City of Wodonga VIC. TRADE AREA FACTS * The main trade area population is TRADE estimated at 48,710 AREA people in 2013 FACTS and is expected to reach 57,220 by With expected future residential development to the South East of the existing urban area of Wodonga, longer residential growth is expected for this area. Wodonga is the largest and fastest growing Centre in North East Victoria. SUMMARY OF FACTS Total Retail Space Approx. 14,035m 2 Specialty Store Space Approx. 4,835m 2 or 40 retailers Total retail spending for the main trade area is projected to increase from $587 million in 2013 to over $ 990 million by 2026, reflecting average annual growth of 4.1%. Major Retailers Coles, Kmart Car spaces 650 including 400 undercover *Source: MacroPlan DiMasi Report, October 2013, Mann Central Wodonga, Recommended tenancy mix and estimated sales potential. Wodonga Council Vic report, Economic Indicators, City of Wodonga VIC.

6 CENTRE PLANS Ground Floor SOUTH STREET SOUTH STREET HIGH STREET HIGH STREET T01 T02 T01 T03 T10 T10 HOVELL STREET HOVELL STREET T02 T11 T41 T04 T03 T12 T11 T40 T05 T04 T13 T12 T39 T09 T06 T05 T14 T13 T38 T08 T07 T05 T14A T15 T14B T37 T09 T08 T07 T15 T36 K39/40 52m 2 24m 2 T16 T35 T34 T33 K38 T32 T31 T30 T29 T28 T27 T26 K1 K2 K3 T20 T21 T22 K23 K24 K25 K26 T23 K27 K41 T25 T24 K28 K4 T16 T17 K17 T18K18 K19 T19 MEZZANINE LEVEL OVER MEZZANINE LEVEL OVER K20/21 K37 K36 K35 K34 K33 K32 K31 K30 K29 K22 ELGIN BOULEVARD ELGIN BOULEVARD Retail Major Retail Major Retail Specialty Retail Specialty *Draft plans, subject to change.

7 SOUTH STREET MEZZANINE LEVEL OVER HIGH STREET Basement Carpark HOVELL STREET HOVELL STREET CENTRE PLANS CENTRE ABOVE ELGIN BOULEVARD Draft plans, subject to change. WODONGA *Indicative boundary only *Draft plans, subject to change.

8 HIG HS T ELGIN BLVD ELGIN BLVD HIGH ST *Indicative boundary only LEASING ENQUIRIES : Adam Sheumack Cameron Watson M: P: E: adams@rooksalinger.com M: P: E: cwatson@rooksalinger.com Disclaimer: The information in this brochure is for marketing and general information purposes only. All dimensions and areas quoted or appearing on plans are approximate and subject to survey. We do not warrant the information nor have we sought to have the information independently verified. We therefore recommend that potential Lessees make their own investigations and inquiries. The information in this brochure does not form part of any contract. It is not to be relied upon or used for any other purposes. The contents of this brochure are confidential and are not to be divulged to any third party without the express written consent of RSC Partners or the Lessor.