This article is from the Australian Property Journal archive
FASHION retailers Sportscraft and Colette by Colette Hayman have opened new stores in Puckle St Moonee Ponds.
Fitzroys’ Terence Yeh negotiated the leases of casual wear label Sportscraft at 63 Puckle St, and 66 Puckle St to fashion accessories and handbags retailer Colette by Colette Hayman.
Sportscraft signed a 3+3-year deal at $95,000 per annum net with 4% increases for the 200 sqm space, which was offered for the first time in four decades, while Colette by Colette Hayman will move into the 150 sqm shop on a 5+5-year deal and pay $80,000 per annum with 4% increases.
Yeh said operators from a range of sectors put forward enquiries about the property, including homewares groups, hospitality operators, banks and other fashion and accessories retailers.
“Puckle Street’s limited amount of spaces available – totalling around 150 shops – offers businesses greater access to the local catchment population, further underpinned by the number of residential dwellings introduced to the area in medium and high-density developments,” he added.
Australian Property Journal
