A RARE OPPORTUNITY TO ACQUIRE A 100% INTEREST IN ONE OF WESTERN AUSTRALIA'S BEST PERFORMING SUB-REGIONAL SHOPPING CENTRES

43 Yirrigan Drive, Mirrabooka, Western Australia 6061

Retail For Sale

Expressions of Interest. EOI Date 5 Sep 2019
Land Area: 136,015.00 m2.    Floor Area: 41,867.00 m2.    

The Square Mirrabooka

Description

Colliers International is pleased to present a truly rare opportunity to acquire a 100% interest in The Square Mirrabooka, a high performing Sub-Regional Shopping Centre and the adjacent site known as Mirrabooka Plaza, a freestanding medical centre.

The Square Mirrabooka is securely anchored by market leading major retailers Kmart and Coles who are currently paying percentage rent, together with Woolworths, ALDI and Big W. Combined, the majors are reporting sales approximately 20% above the Urbis Benchmark for Double DDS Based Shopping Centres. The defensive non discretionary offer is supported by a an excellent range of discretionary and service-based retailers that provides customers with a one-stop shopping destination.

Located only 12 kilometres north of the Perth CBD, The Square Mirrabooka is set across a 13.6-hectare site while Mirrabooka Plaza occupies a separately titled 1.1-hectare site. Together, the properties present a 14.7-hectare landmark site offering with development potential (STCA).

Features

  • 14.7 ha Combined Site Area
  • 42,842 sgm Combined GLA
  • $255 million MAT (incl. GST)
  • 16th Highest MAT in Australia (SCN 2018)
  • 11th Largest Centre in Australia

Map

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