Prospect Vale Marketplace

Centre Overview

Prospect Vale Marketplace is a single-level neighbourhood shopping centre anchored by a  Woolworths Supermarket and 20 specialty stores. The tenancy mix features cafes, a pharmacy, florist, newsagency, beautician and other mixed stores and services. The centre was refurbished in 2014, which included the expansion of Woolworths and the addition of an on-grade car park.

Location details

The centre is situated on Westbury Road, which is a sub-arterial road through Launceston’s northern residential and commercial suburbs. Prospect Vale Marketplace is located approximately 10km southwest of Launceston CBD in the southern Launceston gateway suburb of Prospect Vale.

Property Summary

Centre Type
Neighbourhood
Centre GLA sqm
7,801
Anchor tenants
Woolworths
No. of specialities
20
Valuation
$36.0m
Cap rate
6.00%
Occupancy rate
99%
WALE (years)
9.3

Location

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