Watch Watch
Back
×
+5 Photos
150 Anderson Street, Port Hedland, WA, 6721

2. Property Highlights

PORT HEDLAND BOULEVARD NEIGHBOURHOOD SHOPPING CENTRE
  • 2.1ha* land rich parcel on major highway
  • High performing Woolworths supermarket & Harvey Norman
  • $318M* MTA retail expenditure annually

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

Remember to mention you found this property on DevelopmentReady

Read More

3. Property Location

150 Anderson Street, Port Hedland, WA, 6721

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
150 Anderson Street, Port Hedland, WA, 6721 Port Hedland
JLL - Perth
JLL - Perth
Level 31, Central Park, 152-158 St Georges Terrace Perth WA 6000
View Agency Profile
Enquire
calculator-icon Yield Calculator
calcultor-icon Yield Calculator