Wattle Grove Shopping Centre 338 Hale Road, Wattle Grove, WA, 6107

Colliers, as exclusive selling agents, are pleased to offer for sale Wattle Grove Shopping Centre, a high-performing neighbourhood shopping centre strategically positioned within one of Perth's fastest growing residential catchments.

Anchored by ALDI on a long-term lease and complemented by 13 specialty tenancies, the centre provides a diversified convenience-based retail offering catering to the everyday needs of the surrounding community. The asset is 100% leased and benefits from a strong WALE of 4.7 years by income, providing secure and stable cashflow.

Occupying a prominent 6,952sqm site at 338 Hale Road, Wattle Grove, the centre enjoys excellent exposure and accessibility, with direct connectivity to both Tonkin Highway and Roe Highway. Wattle Grove continues to experience strong population growth and benefits from above-average household incomes, reinforcing demand for essential retail services.

Investment fundamentals are further enhanced by annual rental reviews across all tenancies, a complementary tenancy profile and future rental reversion potential across the specialty component of the asset.

Investment Highlights:

- ALDI comprises 50% of the centre's GLA and is secured by a lease expiry in 2031.

- Fully leased convenience retail asset with 14 tenants plus ATM.

- Estimated fully leased net income of $1,154,091 per annum.

- Strong WALE of 4.67 years by income.

- Annual rental reviews providing built-in income growth.

- Located within an affluent and expanding catchment approximately 15km from the Perth CBD.

Wattle Grove Shopping Centre is offered for sale via Expressions of Interest, closing Wednesday, 3 September at 3:00pm (AWST).

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