Leasing

Leasing

Nunawading Homemaker HQ

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AVAILABLE SPACE

ShopShowroom m²Area m²AvailableComments
002B281281NowAvailable now
112691691NowEnquire today
L1444444April 2018Enquire today
L1 117A447447August 2018Enquire today


PROPERTY OVERVIEW

LOCATION

Home HQ Nunawading is situated within Melbourne's premier Large Format Retail precinct known as the 'Golden Mile'. We currently have opportunities ranging from 444m2 to 1,630m2. This is an excellent opportunity to increase exposure in this successful and popular centre as well as onto Whitehorse Road. Home HQ Nunawading comprises 20 major electrical and homemaker retailers within 22,871sqm over 2 levels. Convenience and amenity for customers is paramount with 411 easily accessible car spaces (including undercover parking), 2 cafes, gym and children's play centre. Retailers include JB Hi-Fi, The Good Guys, Sony, Godfreys, Bev Marks, Focus on Furniture, Adairs, Bay Leather Republic, Howards Storage, Provincial. This is an exceptional opportunity to occupy a prime showroom on Whitehorse Road.

LOCATION

ADDRESS

372 Whitehorse Rd,
nunawading 3131 VIC

TRADE AREA DEMOGRAPHICS

FLOOR PLAN

Trade Area Population: The main trade area population is estimated at over 729,000 people, including 118,000 residents within the primary sector. This is a substantial catchment from which Home HQ Nunawading retailers are able to draw business. The critical mass of retail facilities at Nunawading ensures that the precinct serves this very extensive catchment.

The region is generally well established, and therefore population growth is expected to be moderate over the forecast period, primarily driven by medium and high density development. Whilst population growth is modest, as this is an established metropolitan region the households are wealthier and they are more likely to have paid off a larger proportion of their mortgage, therefore their propensity to spend on homemaker/bulky goods is typically higher.

The trade area population is projected to grow at an average rate of 0.6% per annum, reaching 772,000 people by 2021, including 123,000 residents in the primary sector.

Some of the major developments contributing to the continued population growth in the trade area include the following:
•East Ridge Park in the secondary north-east sector, which will deliver around 450 dwellings over the next 3-4 years;
•The Austral Bricks redevelopment site in the secondary southeast sector, which will include around 1,000 new dwellings upon completion in 2016;
The former Eastern Golf Club site in the secondary north-west sector, which is expected to be redeveloped into a master planned community including around 800 new homes; and
•Additional townhouses and multi-level apartments throughout all sectors of the trade area, reflecting the high density nature of many new housing developments.
 
Social - Demographic Profile:
•The average age of main trade area residents, at 38.9 years, is above the metropolitan Melbourne average of 37.1 years, reflecting the established nature of the region.
•Per capita income levels for trade area residents are generally in line with the metropolitan Melbourne benchmark, except in the secondary west sector where income levels are well above the benchmark.
•Home ownership levels throughout the main trade area are above the benchmark for metropolitan Melbourne, at around 80%.
•The main trade area is predominantly comprised of Australian born residents (71.3%).
•The distribution of family types within the main trade area indicates a high proportion (48.9%) of traditional families comprising couples with dependent children, which is typical of an established suburban area.