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Colliers Retail Middle Markets are excited to present an opportunity to acquire Carramar Village, a Woolworths anchored Neighbourhood Centre Shopping Centre located in Carramar, one of Perth’s fastest growing corridors, less than 30 kilometres from Perth CBD.
Carramar Village is a strategically located 5,337m2 single-level Neighbourhood Centre anchored by a strong performing 3,227m2 Woolworths supermarket and complemented by 15 specialities, 2 kiosks and 1 ATM, and serviced by a convenient 332 on-grade car park.
The Centre offers a secure income profile with Woolworths securing 51% of income and 60% of GLA, complimented by national or chain tenants securing 74% of income and all specialties tenancies subject to annual rental review mechanisms, ensuring strong income growth and stability.
• 74% of Income secured by national or chain tenants
• DA approval for two-storey Childcare and Gym Development on site
• Specialty rents are ~20% below the Urbis Benchmark
• Strong Supermarket performance with Woolworths and BWS recording 8% YoY growth
• Exposure to 30,350 cars that pass the centre daily
• Local LGA population is forecast to grow 3.7% annually until 2041
For sale by Expressions of Interest closing 2:00pm (AWST) on Thursday 19th of June.
*approx.
Remember to mention you found this property on CommercialReady
Colliers Retail Middle Markets are excited to present an opportunity to acquire Carramar Village, a Woolworths anchored Neighbourhood Centre Shopping Centre located in Carramar, one of Perth’s fastest growing corridors, less than 30 kilometres from Perth CBD.
Carramar Village is a strategically located 5,337m2 single-level Neighbourhood Centre anchored by a strong performing 3,227m2 Woolworths supermarket and complemented by 15 specialities, 2 kiosks and 1 ATM, and serviced by a convenient 332 on-grade car park.
The Centre offers a secure income profile with Woolworths securing 51% of income and 60% of GLA, complimented by national or chain tenants securing 74% of income and all specialties tenancies subject to annual rental review mechanisms, ensuring strong income growth and stability.
• 74% of Income secured by national or chain tenants
• DA approval for two-storey Childcare and Gym Development on site
• Specialty rents are ~20% below the Urbis Benchmark
• Strong Supermarket performance with Woolworths and BWS recording 8% YoY growth
• Exposure to 30,350 cars that pass the centre daily
• Local LGA population is forecast to grow 3.7% annually until 2041
For sale by Expressions of Interest closing 2:00pm (AWST) on Thursday 19th of June.
*approx.
Remember to mention you found this property on CommercialReady
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