North Richmond. Shopping centre for sale

The neighbourhood shopping centre, at North Richmond, in a growing catchment area is for sale, containing a full-line Coles Supermarket and Liquorland plus 12 speciality shops, and ATM and five first-floor tenancies. The Coles lease expires in 2022. The centre was refurbished and extended in July 2007. Fully leased the net income is approximately $1.6 million. CB Richard Ellis is handling the sale.