150 Anderson Street, Port Hedland, WA, 6721

CBRE and JLL are pleased to offer for sale Port Hedland Boulevard. A dominant neighbourhood shopping centre anchored by a high performing Woolworths and Harvey Norman, positioned on a large 2.1ha land holding in Port Hedland.

• The centre boasts a strong national and chain tenant profile comprising retailers such as Woolworths, Harvey Norman and BP which represent 86% of the tenanted GLA and 80% of the passing gross income.
• Expansive 20,824sqm site that offers unparalleled exposure via three street frontages along Wilson, McGregor and Anderson Street.
• Secured by a long term 20 year net lease to Woolworths supermarket with options until 2038, representing 60%* of the centre's tenanted GLA and 46% of the passing gross income.
• Dominant sales from Woolworths and the combined Harvey Norman tenancies which are 10% and 27% above the 2021 Urbis Benchmarks, respectively.
• Exceptional income security via a 3.8 year* WALE (by income) and an occupancy rate of 99%.
• Guaranteed growth via CPI+1.0% and fixed annual rental reviews between 3.0% - 5.0% with 100% of the specialty leases structured on favourable net leases.
• Constraint on new supply given the rising construction costs puts this investment opportunity at below replacement costs with genuine income upside.
• The Gross Regional Product (GRP) of the Pilbara Region is predicted to be $77.8* billion, accounting for 19% of Western Australia's Gross State Product (GSP), and 3.4% of Australia's GDP.
• Fully leased net income: $1,894,248 p.a

For Sale via Expressions of Interest closing Thursday 3rd August 2023 at 4:00pm (AEST).

For further information, please reach out to the sales and marketing agents.

*Approximate. ^ Location IQ Report, 2023

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