381-385 Williamstown Road, Yarraville, VIC, 3013

Savills Retail Investments is delighted to present for sale Western Gateway Centre, a generational investment opportunity and the first Large Format Retail Centre to be offered in Metropolitan Melbourne in 2025.

Situated on a large main road landholding in Yarraville, this exceptional, fully leased centre is anchored by a strong tenancy mix of national retailers including the ASX-listed Officeworks Limited.

Key attributes of the property include:

• Trophy retail investment with significant ‘value-add’ potential and short-term rental reversion

• Rare opportunity to secure a well-established retail centre well below replacement value

• Securely underpinned and anchored by Officeworks, a subsidiary of ASX-listed Wesfarmers Limited (Market Cap: $93 billion)

• Highly sought-after ‘net’ lease to Officeworks allowing full recovery of all outgoings, including Land Tax

• Additional income potential from EV charging station and rooftop signage

• Outstanding exposure to 180,000 daily vehicles via 84m frontage to Williamstown Road and high visibility from the West Gate Freeway

• Substantial corner landholding of 6,325* sqm with premium underlying land value

• Fully leased centre with a total GLA of 2,897* sqm

• Ample at-grade car parking for 70 vehicles

• Irreplaceable City Fringe landholding only 7kms from Melbourne’s CBD

• Estimated Net Income: $835,485 p.a. (at Dec 25’)

*Approximate

For Sale by Expressions of Interest closing Thursday 28th August at 4pm (AEST).

For further information please contact:

Rick Silberman - 0432 831 511

Stephen Bolton - 0419 323 997

Remember to mention you found this property on CommercialReady