A rare opportunity to acquire a metropolitan large format retail investment with significant value-add potential in Melbourne’s rapidly evolving inner west has been launched, with Stonebridge Property Group exclusively appointed to offer Amart Centre Braybrook for sale, with the campaign being led by Justin Dowers and Kevin Tong of Stonebridge Property Group.
Located at 254 Ballarat Road, Braybrook, the property comprises a 9,713 sqm large format retail and commercial centre positioned on a substantial 16,279 sqm Commercial 2 Zoned corner landholding with 257 metres of combined frontage to Ballarat Road and Lacy Street, approximately 10 kilometres west of the Melbourne CBD.
The asset is anchored by Amart Furniture, one of Australia’s largest furniture retailers with more than 65 locations nationally, accounting for 61% of the property’s gross income, and is further supported by two additional large format retail tenancies, a hospitality venue and a series of commercial office suites, providing a diversified metropolitan income profile with significant rental growth and future repositioning potential underpinned by existing retail rents that sit materially below prevailing large format retail leasing evidence across metropolitan Melbourne.
Positioned along Ballarat Road within Melbourne’s tightly held inner-west corridor, the asset is strategically located amongst major retail destinations including HomeCo Braybrook, Sunshine Marketplace, Bunnings Sunshine and Highpoint Shopping Centre. The surrounding precinct continues to benefit from substantial infrastructure investment including the West Gate Tunnel, Metro Tunnel and Sunshine Superhub projects, reinforcing the long-term growth trajectory of Melbourne’s inner west.
Justin Dowers, National Partner at Stonebridge Property Group, said opportunities to acquire metropolitan large format retail assets of this scale and proximity to the CBD were exceptionally scarce.
“Large Format Retail continues to be one of the strongest performing retail sub-sectors in the country, with transaction volumes increasing 82% year-on-year between 2024 and 2025 and rental growth accelerating on the back of strong occupier demand and limited supply,” said Mr Dowers.
“The combination of a strategic inner metropolitan location, strong existing income and embedded rental growth positions Amart Centre Braybrook as one of the most compelling large format retail investment opportunities currently being offered nationally. The opportunity to acquire a genuine value-add LFR centre of this scale and quality is exceptionally rare and we expect the campaign to attract significant investor interest.”
Kevin Tong, Partner at Stonebridge Property Group, said the property was ideally positioned to benefit from continued growth across Melbourne’s large format retail sector.
“Large format retail fundamentals remain exceptionally strong, supported by limited new supply, rising construction costs and increasing retailer demand for well-located metropolitan floor space,” said Mr Tong.
“Amart Centre Braybrook is particularly compelling given its substantial landholding and high-profile exposure along one of Melbourne’s key inner western arterial corridors. Opportunities to acquire land-rich LFR assets with this level of visibility, scale and future flexibility within established metropolitan precincts are becoming increasingly scarce.”
Amart Centre Braybrook is offered for sale via public Expressions of Interest closing Wednesday 24 June 2026 at 5:00pm (AEST).
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