{"id":2868,"date":"2017-11-20T04:00:00","date_gmt":"2017-11-20T04:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/?p=2868"},"modified":"2018-01-30T19:13:37","modified_gmt":"2018-01-30T08:13:37","slug":"central-sale","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/","title":{"rendered":"CENTRAL SALE"},"content":{"rendered":"

Torquay Village offered to investors<\/strong><\/p>\n

TORQUAY Village is up for sale, with the shopping centre in Gilbert Street to hit the market later this month.<\/p>\n

The shopping centre is being touted to investors as anchored by a full-line Coles supermarket and Liquorland and accompanied by 15 specialty shops, occupying a strategic 1.4-hectare land parcel in the heart of the Torquay town centre.<\/p>\n

Coles Group Property Developments bought the site formerly known as Torquay Central in 2013, and the shopping centre underwent a major redevelopment and extension in 2015.<\/p>\n

Torquay Village will be sold by expression of interest through commercial real estate firm JLL, which expects to attract a price of about $40 million.<\/p>\n

Secured by a 15-year lease to Coles, the shopping centre offers investors a weighted average lease expiry (WALE) by income of 10.17 years, with more than 81 per cent of income generated by national retailers.<\/p>\n

\u201cThe market is constrained of quality retail investment opportunities and the Victorian neighbourhood market remains the most tightly held in the country, a key factor that will drive investor interest in Torquay Village,\u201d JLL Victorian retail investment director Stuart Taylor said.<\/p>\n

\u201cThe Torquay catchment is a standout growth area in Victoria, and will continue to drive the performance of assets such as Torquay Village.\u201d<\/p>\n

JLL is talking up Torquay\u2019s population growth as an asset to potential buyers, saying the town grew by more than 67 per cent between 2001 and 2013 \u2013 the fourth-largest growth in all of Australia\u2019s major urban areas.<\/p>\n

\u201cThe centre benefits from a large main trade area accommodating in excess of 22,010 residents and is forecast to grow to 30,800 by 2031 \u2013 an increase of 28.5 per cent for the period,\u201d JLL Victorian retail investment director Mr Noonan said.<\/p>\n

\u201cTorquay has been a popular holiday destination for generations. However, the growth it is experiencing is primarily being driven by the boom in permanent residents that are flocking to Torquay for the lifestyle and amenity that the area offers.\u201d<\/p>\n

JLL says Torquay Village will be the first Coles-anchored Victorian neighbourhood shopping centre available for sale this year \u2013 the three sales in 2017 so far all being Woolworths-anchored centres.<\/p>\n

Last year, two Coles-anchored centres traded hands (Springhill and Coburg Village) for $43 million and nearly $38 million, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Torquay Village offered to investors TORQUAY Village is up for sale, with the shopping centre in Gilbert Street to hit the market later this month. The shopping centre is being touted to investors as anchored by a full-line Coles supermarket and Liquorland and accompanied by 15 specialty shops, occupying a strategic 1.4-hectare land parcel in […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-2868","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\nCENTRAL SALE - Surf Coast Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CENTRAL SALE - Surf Coast Times\" \/>\n<meta property=\"og:description\" content=\"Torquay Village offered to investors TORQUAY Village is up for sale, with the shopping centre in Gilbert Street to hit the market later this month. The shopping centre is being touted to investors as anchored by a full-line Coles supermarket and Liquorland and accompanied by 15 specialty shops, occupying a strategic 1.4-hectare land parcel in [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Surf Coast Times\" \/>\n<meta property=\"article:author\" content=\"jamespetertaylor\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-20T04:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-30T08:13:37+00:00\" \/>\n<meta name=\"author\" content=\"James Taylor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@notthatjt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"James Taylor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/\"},\"author\":{\"name\":\"James Taylor\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#\\\/schema\\\/person\\\/2655215c02475fb33ffa43a1c8fe2677\"},\"headline\":\"CENTRAL SALE\",\"datePublished\":\"2017-11-20T04:00:00+00:00\",\"dateModified\":\"2018-01-30T08:13:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/\"},\"wordCount\":365,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/\",\"name\":\"CENTRAL SALE - Surf Coast Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#website\"},\"datePublished\":\"2017-11-20T04:00:00+00:00\",\"dateModified\":\"2018-01-30T08:13:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/news\\\/central-sale\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CENTRAL SALE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#website\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/\",\"name\":\"Surf Coast Times\",\"description\":\"Free local news\",\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#organization\",\"name\":\"Surf Coast Times\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/2\\\/2019\\\/08\\\/cropped-logo.png\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/2\\\/2019\\\/08\\\/cropped-logo.png\",\"width\":350,\"height\":38,\"caption\":\"Surf Coast Times\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/#\\\/schema\\\/person\\\/2655215c02475fb33ffa43a1c8fe2677\",\"name\":\"James Taylor\",\"description\":\"James\u2019 first job in journalism was at the Bendigo Advertiser, where he held a number of roles, including reporter, sub-editor and arts and features writer. He has also worked for several publications at Fairfax, including the Knox Weekly, Casey Weekly and Pakenham Weekly, and in the UK with the Berkshire Media Group. Raised in Geelong, James has been back in his hometown since 2011 and now lives in Waurn Ponds. Outside of journalism, James divides his time between barracking for the Cats, chasing his two-year-old daughter around, and posting on Twitter (@notthatjt).\",\"sameAs\":[\"jamespetertaylor\",\"https:\\\/\\\/x.com\\\/@notthatjt\"],\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/surfcoasttimes\\\/author\\\/jamestaylor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CENTRAL SALE - Surf Coast Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/","og_locale":"en_US","og_type":"article","og_title":"CENTRAL SALE - Surf Coast Times","og_description":"Torquay Village offered to investors TORQUAY Village is up for sale, with the shopping centre in Gilbert Street to hit the market later this month. The shopping centre is being touted to investors as anchored by a full-line Coles supermarket and Liquorland and accompanied by 15 specialty shops, occupying a strategic 1.4-hectare land parcel in [...]Read More...","og_url":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/","og_site_name":"Surf Coast Times","article_author":"jamespetertaylor","article_published_time":"2017-11-20T04:00:00+00:00","article_modified_time":"2018-01-30T08:13:37+00:00","author":"James Taylor","twitter_card":"summary_large_image","twitter_creator":"@notthatjt","twitter_misc":{"Written by":"James Taylor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/#article","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/"},"author":{"name":"James Taylor","@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#\/schema\/person\/2655215c02475fb33ffa43a1c8fe2677"},"headline":"CENTRAL SALE","datePublished":"2017-11-20T04:00:00+00:00","dateModified":"2018-01-30T08:13:37+00:00","mainEntityOfPage":{"@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/"},"wordCount":365,"commentCount":0,"publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#organization"},"articleSection":["News"],"inLanguage":"en-AU","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/","url":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/","name":"CENTRAL SALE - Surf Coast Times","isPartOf":{"@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#website"},"datePublished":"2017-11-20T04:00:00+00:00","dateModified":"2018-01-30T08:13:37+00:00","breadcrumb":{"@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/news\/central-sale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/"},{"@type":"ListItem","position":2,"name":"CENTRAL SALE"}]},{"@type":"WebSite","@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#website","url":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/","name":"Surf Coast Times","description":"Free local news","publisher":{"@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#organization","name":"Surf Coast Times","url":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#\/schema\/logo\/image\/","url":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/2\/2019\/08\/cropped-logo.png","contentUrl":"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/2\/2019\/08\/cropped-logo.png","width":350,"height":38,"caption":"Surf Coast Times"},"image":{"@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/#\/schema\/person\/2655215c02475fb33ffa43a1c8fe2677","name":"James Taylor","description":"James\u2019 first job in journalism was at the Bendigo Advertiser, where he held a number of roles, including reporter, sub-editor and arts and features writer. He has also worked for several publications at Fairfax, including the Knox Weekly, Casey Weekly and Pakenham Weekly, and in the UK with the Berkshire Media Group. Raised in Geelong, James has been back in his hometown since 2011 and now lives in Waurn Ponds. Outside of journalism, James divides his time between barracking for the Cats, chasing his two-year-old daughter around, and posting on Twitter (@notthatjt).","sameAs":["jamespetertaylor","https:\/\/x.com\/@notthatjt"],"url":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/author\/jamestaylor\/"}]}},"_links":{"self":[{"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/posts\/2868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/comments?post=2868"}],"version-history":[{"count":0,"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/posts\/2868\/revisions"}],"wp:attachment":[{"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/media?parent=2868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/categories?post=2868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/tags?post=2868"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/wp-json\/wp\/v2\/post_folder?post=2868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}