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Burgess Rawson from CBRE and Burgess Rawson WA are pleased to offer to the market 'The Downs Shopping Centre' at 11 Bournemouth Crescent, Wembley Downs (Perth) WA for sale via Expressions of Interest.
The property has the following key investment highlights:
+ Rarely available generational investment - first time ever offered for sale.
+ Multi tenanted neighbourhood shopping centre investment with renewed, long-term leases to nationally and locally recognised tenants.
+ Foodies IGA: Well established independent supermarket operator with 8 locations across Perth. (1)
+ Terry White Chemmart: Australia’s largest pharmacy network, with over 600 community pharmacies nationwide. (2) Notably, there are 19 referring doctors located within 50 metres* of the chemist, reinforcing its strong position within the local healthcare precinct.
+ Liquor Barons: Western Australia’s only 100% independently owned and operated liquor retail chain, with over 90 stores across the state. (3)
+ Lawley’s Café & Bakery: a renowned Western Australian artisan bakery chain, operating retail and wholesale across Perth with over a dozen locations. (4)
+ Long 8.77 Year WALE (29 October 2025) plus landlord favourable net lease terms.
+ Highly desirable annual CPI Reviews.
+ Irreplaceable Neighbourhood Shopping Centre freehold constructed in 2010, offering significant tax saving depreciation benefits.
+ Substantial 3,275 sqm* landholding, supported by a combined 128 on-title and council car parking bays, providing seamless entry to the building.
+ Situated within a premier education precinct, the property is surrounded by 17 schools, including Hale School and Newman College, within a 3km* radius, collectively servicing 7,983 full-time students.
+ Wembley Downs: an affluent inner-metro suburb located just 10km* north-west of the Perth CBD, with a median house price of $1,894,000 that has surged over 24% in the past 12 months. (6)
+ City of Stirling: an estimated population of 249,872 (2024) stands as Western Australia’s most populous local government area and ranks 17th nationally. (7)
+ Estimated Net Income: $863,581 pa* + GST
For Sale via Expressions of Interest
Closing 5pm AEST Wednesday 13 August 2025
*Approx
(1) Foodies IGA
(2) Terry White Chemmart
(3) Liquor Barons
(4) Lawleys Bakery & Café
(5) Gapmaps
(6) Realestate.com.au
(7) City of Stirling
Remember to mention you found this property on CommercialReady
Burgess Rawson from CBRE and Burgess Rawson WA are pleased to offer to the market 'The Downs Shopping Centre' at 11 Bournemouth Crescent, Wembley Downs (Perth) WA for sale via Expressions of Interest.
The property has the following key investment highlights:
+ Rarely available generational investment - first time ever offered for sale.
+ Multi tenanted neighbourhood shopping centre investment with renewed, long-term leases to nationally and locally recognised tenants.
+ Foodies IGA: Well established independent supermarket operator with 8 locations across Perth. (1)
+ Terry White Chemmart: Australia’s largest pharmacy network, with over 600 community pharmacies nationwide. (2) Notably, there are 19 referring doctors located within 50 metres* of the chemist, reinforcing its strong position within the local healthcare precinct.
+ Liquor Barons: Western Australia’s only 100% independently owned and operated liquor retail chain, with over 90 stores across the state. (3)
+ Lawley’s Café & Bakery: a renowned Western Australian artisan bakery chain, operating retail and wholesale across Perth with over a dozen locations. (4)
+ Long 8.77 Year WALE (29 October 2025) plus landlord favourable net lease terms.
+ Highly desirable annual CPI Reviews.
+ Irreplaceable Neighbourhood Shopping Centre freehold constructed in 2010, offering significant tax saving depreciation benefits.
+ Substantial 3,275 sqm* landholding, supported by a combined 128 on-title and council car parking bays, providing seamless entry to the building.
+ Situated within a premier education precinct, the property is surrounded by 17 schools, including Hale School and Newman College, within a 3km* radius, collectively servicing 7,983 full-time students.
+ Wembley Downs: an affluent inner-metro suburb located just 10km* north-west of the Perth CBD, with a median house price of $1,894,000 that has surged over 24% in the past 12 months. (6)
+ City of Stirling: an estimated population of 249,872 (2024) stands as Western Australia’s most populous local government area and ranks 17th nationally. (7)
+ Estimated Net Income: $863,581 pa* + GST
For Sale via Expressions of Interest
Closing 5pm AEST Wednesday 13 August 2025
*Approx
(1) Foodies IGA
(2) Terry White Chemmart
(3) Liquor Barons
(4) Lawleys Bakery & Café
(5) Gapmaps
(6) Realestate.com.au
(7) City of Stirling
Remember to mention you found this property on CommercialReady
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