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This outstanding suburban shopping centre in the heart of Maddington is a great investment opportunity with long term secure leases already in place.
Maddington Village is located on a large land holding of 16,757sqm in the heart of fast growing Maddington and has 205 exclusive car bays. The centre has recently been rebuilt and remodelled to an exceptional standard by a respected West Australian developer and is anchored by a large format IGA which occupies 2,497sqm of the centre.
The centre has a net lettable area of 5,393sqm across 17 separate tenancies. Maddington Village is the major site of the neighbourhood hub boasting a Butcher, Baker, Hair Salon & Beauty, Barber, Restaurants, Takeaway, Continental Foods, Deli, Newsagency, Liquor Store, Kitchenware, Childcare Centre, Fuel Station, Carwash and more.
The Caltex Service Station, Carwash and Convenience Store and the large 75 place Child Care Centre, are stand alone brand new buildings completed in 2024, and are both fully leased for 12 years with 20 and 15 year options respectively.
The WALE for the entire centre on income is over 9 years. A safe and secure investment for the future.
• Net Income $1,500,000 (approx)
• 17 Separate Tenancies
• Large Landholding of 1.68HA
• 205 Onsite Car Bays
• National Major Tenant brands - IGA, Caltex, Cellarbration
All the hard work has been done. New construction and remodelling all completed. All new leases in place. Just collect the rent!
Don't miss out on this unique opportunity. Call today for further information.
This outstanding suburban shopping centre in the heart of Maddington is a great investment opportunity with long term secure leases already in place.
Maddington Village is located on a large land holding of 16,757sqm in the heart of fast growing Maddington and has 205 exclusive car bays. The centre has recently been rebuilt and remodelled to an exceptional standard by a respected West Australian developer and is anchored by a large format IGA which occupies 2,497sqm of the centre.
The centre has a net lettable area of 5,393sqm across 17 separate tenancies. Maddington Village is the major site of the neighbourhood hub boasting a Butcher, Baker, Hair Salon & Beauty, Barber, Restaurants, Takeaway, Continental Foods, Deli, Newsagency, Liquor Store, Kitchenware, Childcare Centre, Fuel Station, Carwash and more.
The Caltex Service Station, Carwash and Convenience Store and the large 75 place Child Care Centre, are stand alone brand new buildings completed in 2024, and are both fully leased for 12 years with 20 and 15 year options respectively.
The WALE for the entire centre on income is over 9 years. A safe and secure investment for the future.
• Net Income $1,500,000 (approx)
• 17 Separate Tenancies
• Large Landholding of 1.68HA
• 205 Onsite Car Bays
• National Major Tenant brands - IGA, Caltex, Cellarbration
All the hard work has been done. New construction and remodelling all completed. All new leases in place. Just collect the rent!
Don't miss out on this unique opportunity. Call today for further information.
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