• Sold
100% Fully Occupied Neighbourhood Centre Anchored by a Strong Performing Coles Supermarket
100% Fully Occupied Neighbourhood Centre Anchored by a Strong Performing Coles Supermarket
100% Fully Occupied Neighbourhood Centre Anchored by a Strong Performing Coles Supermarket
100% Fully Occupied Neighbourhood Centre Anchored by a Strong Performing Coles Supermarket
100% Fully Occupied Neighbourhood Centre Anchored by a Strong Performing Coles Supermarket

For Sale

Expressions of Interest 7th Jun 2018 Colliers International
Rare opportunity to secure a 100% fully occupied Neighbourhood shopping centre, anchored by Coles, and located within 5 kilometres of the Perth CBD. Flinders Square comprises a strong performing full line Coles Supermarket (3,547 sqm), a City Farmers (mini-major), 18 specialties, 1 kiosk, 1 ATM and a car wash.

The site is ideally located within the affluent and established suburb of Yokine, surrounded by a high level of amenity including schools, a university and a number of recreational reserves. The area features an above average socioeconomic demographic profile with a projected trade area spend increasing by 4% annually.

Flinders Square features a high proportion of national service based and specialty food retailers including Coles, Liquorland, ANZ, Australia Post, Bakers Delight, and City Farmers.

Key Attributes Include:
- Anchored by a full-line Coles Supermarket (3,547sq m*) with lease expiry in 2025 and 2 x 6 year options.
- 100% Fully occupied centre with an attractive WALE of 5.78 years* (by area)
- High proportion of national tenants comprising over 80%* of the Centre’s GLA
- Affluent inner city location with the average per capita income in the main trade area being 17.2% higher than the Perth Metro Average
- GLAR of 6,051.90 sqm*
- Significant 20,235 sqm* site with combined 385 metres frontage to three streets offering easy and direct access.
- Fully leased net income of $2,432,255 per annum *
- Site offers a range of mixed-use development opportunities, STCA**

For Sale by Expressions of Interest closing 2pm (AWST) Thursday 7 June 2018.

*Approx
**Subject to Council Approval

Property Details

  • 29/07/2020
  • Contact our experts for details on this transaction