Brand-new Amart Shepparton comes to market

Stonebridge and Colliers are excited to bring the brand-new Amart Shepparton to market, located in the city’s core retail precinct. This prime location, surrounded by Australia’s leading retail brands, offers a highly desirable Large Format Retail (LFR) investment opportunity.

Amart Shepparton, situated at 175 Benalla Road, encompasses an expansive landholding of 8,094 sqm within Shepparton’s Bulky Goods Precinct. The site is fully leased to the national retailer Amart, featuring a brand-new eight-year lease with options extending until 2057, generating an annual income of $627, 393.

Rorey James from Stonebridge said, “Amart Shepparton presents a rare opportunity to acquire a prime retail asset, securely leased to a national tenant in a strategic location on a long-term lease. The combination of a high-quality fitout, ample parking, and convenient rear-loading access makes this property an exceptional investment.”

Shepparton, Victoria’s fifth-largest regional city, serves as a major service centre for the Goulburn Valley and southern riverine areas of New South Wales. The city has an estimated population of over 69,130 residents, projected to reach 81,000 by 2046. The region’s thriving economy is supported by agriculture and tourism, with significant infrastructure investments such as the Shepparton Rail Line Upgrade enhancing its appeal.

Colliers’ latest data highlights a surge in demand for Large Format Retail assets across Victoria, underpinned by strong population growth and rising household expenditure. Despite this demand, Victoria is expected to contribute less than 6% to the national Large Format Retail supply pipeline over the next five years, which is likely to place upward pressure on rents as existing vacancies are absorbed. Compounding this, the national supply of new Large Format Retail properties in 2025 is forecast to be 82% lower than in 2021, emphasising the scarcity of these assets on the market.

Tim McIntosh, Colliers National Director, Retail Middle Markets, noted, “The Large Format Retail sector is facing a significant undersupply of retail space nationally, unable to keep up with retailers’ expansion plans. This limited supply is driving positive rental growth for investors, while the lower interest rate environment offers a chance to secure defensive investments and future capital growth.”

“We expect strong demand for freestanding Large Format Retail assets to continue. Investors are attracted to the security of national tenants, strategic locations, and promising rental and capital growth. The scarcity of new supply, population growth, and infrastructure investments will likely boost interest, increasing transaction volumes and sustaining rental growth,” added Mr McIntosh.