Skip to main content Skip to footer
  • For sale
Leased Service Centre Investment - #1
Leased Service Centre Investment - #2
Leased Service Centre Investment - #3
Leased Service Centre Investment - #4
Leased Service Centre Investment - #5
Leased Service Centre Investment - #6
Leased Service Centre Investment - #7
Leased Service Centre Investment - #8
Leased Service Centre Investment - #9
Leased Service Centre Investment - #10

For Sale

Expressions of Interest closing 17th Aug 2022 East Rockingham

129 Dixon Road, East Rockingham, EOI closing 17 August 2022 at 2pm AWST

Colliers Retail Investment Services as exclusive agents are pleased to present 129 Dixon Road, East Rockingham, a landmark property located in the booming southern suburbs of Perth on a major arterial road.

This securely leased retail investment, anchored by 7 Eleven, provides strong cash flow from four tenants, with annual rental growth and additional development upside.

INVESTMENT HIGHLIGHTS

+ Strong lease covenants
+ Steady, passive income
+ Development Upside - scope to add a fifth tenant
+ Substantial site
+ Opportunity for income growth
+ Fully Leased Net Income - $360,000pa*
+ Generous rent reviews and value add possibilities
+ Income security - leased to four thriving tenants
+ WALE - 7.14 years
+ 6,001sqm land area with 3 street frontage and access
+ Prime corner position with outstanding exposure

THE OPPORTUNITY

129 Dixon Road is perfect for the astute investor seeking steady, passive income from the four tenants with attractive rent reviews providing solid rent increases during the term of the leases. The property also provides an existing vacant pad site suitable for a quick service retail outlet.

TENANCIES

The property consists of four ground lease tenancies including national fuel and convenience giant, 7- Eleven, Buccaneer Pools, Muzz Buzz Coffee, and Impeccable Car Wash.

THE LOCATION

East Rockingham is located approximately 42kms south-west of the Perth CBD and 26kms south of Fremantle.

Rockingham is a beachside suburb with established residential and industrial areas and a commercial hub. Rockingham provides connectivity to Garden Island, Australia’s largest naval fleet and submarine base.

The property boasts a high exposure location at the corners of Dixon Road, McCamey Avenue and Whittle Road, within the Rockingham Light Industrial Area, approximately 5kms from Rockingham City Centre. Dixon Road is an arterial road connecting the Kwinana Freeway to Rockingham with over 26,000 cars passing per day.

LAND DETAILS

Land area: 6,001sqm
Frontage to Dixon Road: 58.60m
Frontage to McCamey Avenue: 69.20m
Frontage to Whittle Road: 58.60m

SALE DETAILS

The property is offered for sale by Expressions of Interest closing 2pm (WST), Wednesday, 17 August 2022.

For a copy of the Information Memorandum or Contract of Sale, please contact the Selling Agents:

Shane Isaacs, Manager Investment Services
(M) 0408 883 987 (E) Shane.Isaacs@colliers.com

Richard Cash, State Chief Executive Western Australia
(M) 0412 006 949 (E) Richard.Cash@colliers.com