A fully-leased neighbourhood shopping centre in the heart of Strathfieldsaye, one of Bendigo’s fastest-expanding residential suburbs, has been listed for sale.

Strathfieldsaye Shopping Centre, located at 933-941 Wellington Street, occupies a one-hectare Commercial 1 zoned landholding within approximately 8km from the Bendigo CBD. Anchored by Champions IGA and supported by a mix of convenience, lifestyle, liquor and newsagency tenants, the centre offers a resilient income stream underpinned by essential services.

JLL’s Tom Noonan and Stuart Taylor have been exclusively appointed to manage the campaign via Expressions of Interest (EOI).

Mr Noonan said assets such as this are among the most sought after within the retail landscape, being strong performing neighbourhood centres with minimal speciality shops.

“Strathfieldsaye Shopping Centre provides an opportunity to secure a dominant convenience retail asset in a suburb experiencing exceptional population growth and above-average household income,” he said.

“Champions IGA operate 12 stores across Victoria and are 49 per cent owned by ASX listed Metcash. They’ve demonstrated consistent turnover growth and bring a proven trading history backed by long-term lease security.”

“The centre provides outstanding visibility and accessibility for the expanding local catchment.”

Strathfieldsaye is forecast to more than double in size to over 17,000 residents by 2046, reflecting annual growth of 3.8 per cent.

Mr Taylor said robust supermarket performance and increasing investor interest in established regional centres continue to drive activity across the neighbourhood retail market. “Essential-service retail remains a stable, low-risk asset class. Sites like this, with scale, strong trading history and future development optionality in a high-growth catchment, are increasingly sought after,” he said.