Retailers Rush to Secure Leasing Opportunities at Hope Island Market Place

By June 5, 2017 No Comments

Just one single advertising billboard onsite has ignited a flurry of interest from retailers wanting to be the first to secure a lease at the new Hope Island Market Place (formerly known as Hope Island Town Centre) which was recently sold and set to start construction this year.

The owner is yet to start their official online advertising campaign and has been overwhelmed by the response from the market particularly from local retailers.

The Market Place which is already anchored by Woolworth and Aldi has had strong interest from two major chemist retailers and a number of fast food outlets eager to secure the drive-through opportunity onsite.

There has also been significant interest from several local cafes, restaurants and delis who are looking to expand their business or seeking a larger space in the new ‘dining’ precinct.

In addition to the retail space there has been strong interest from tenants such as physiotherapists, dentists and other medical practitioners looking to secure office space in the upper level ‘health and wellness hub’.

The owner will commence a targeted advertising campaign in the coming week to attract the very best and most popular retailers and tenants to the centre.

The Market Place will provide essential shopping and services whilst also offering a new, vibrant food and beverage precinct, a boutique health and wellness hub and a professional services location.

Key Property Details

  • Anchored by Woolworths and Aldi
  • 4,380 sqm of specialty specialty retail and professional services tenancies
  • Fully enclosed and air conditioning shopping centre
  • 484 car parking bays – both on grade and underground
  • Free standing fast food precinct with a drive through facility
  • Expected delivery October 2018

What does this mean for Park Cove Residents?

There are few factors that can increase the value of your property as quickly as new infrastructure can. Home buyers pay an average premium of 10% for properties within walking distance to shopping centres.

Home owners at Park Cove Hope Island are set to benefit from this exciting news with land values in the surrounding area predicted to increase as the project nears completion.

Park Cove is one of the last remaining waterfront masterplanned communities on Hope Island and is the closest to the Hope Island Marketplace site.

Park Cove is just 1km walk to the new Hope Island Market Place which is set to start construction within months.  There has never been a better time to purchase at Park Cove Hope Island.