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Address available on request Aveley, WA 6069

Address available on request,
Aveley, WA 6069

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Trophy Neighbourhood Shopping Centre in Metropolitan Perth

  • Latest Concept Woolworths Supermarket
  • Brand new 12-year lease with options
  • Total GLAR of 5,040 sqm*
Cushman & Wakefield is proud to exclusively offer for sale a 100% interest in Woolworths Aveley, a premium community-based, neighbourhood shopping centre located in inner metro Perth, Western Australia.

Woolworths Aveley (the ‘Centre’) presents an outstanding opportunity to purchase a strong performing shopping centre anchored by the best supermarket retailer in Australia under a brand new 12-year lease.

The Centre is a modern, architecturally designed, purpose-built shopping centre anchored by a full-line Woolworths supermarket plus BWS and is supported by a diverse and complementary mix of 8˄ specialty shops and a medical pad site. Woolworths Aveley is located 28 kilometres* north-east of Perth CBD, adjacent to the famous Swan Valley Wine Region. The Centre occupies a high-profile location with main road exposure on the corner of Millhouse Road & Egerton Drive, in the heart of the Stockland’s premier and award-winning master-planned community of Vale, Aveley.

The key investment highlights are as follows:

* Dominant neighbourhood shopping centre with GLAR of 5,040 sqm*
* Prime 1.76 hectare* corner site in a highly visible location
* Situated within a prestigious and award-winning master-planned community
* Anchored by Woolworths supermarket (including BWS) plus 8 specialty shops, 2 kiosks, 1 ATM and a pad site medical centre^
* Estimated Main Trade Area of 31,380 people (2017), forecast to grow at 3.1% per annum to 2031 (Location IQ)
* Retail expenditure in Main Trade Area forecast to significantly grow at 6.6% p.a. from 2017-2031 (Location IQ)
* Affluent trade area with the average household income being 18% higher than the Perth Metro average
* Attractive weighted average lease expiry (WALE) of 9.3 years* (by income)
* Defensive, non-discretionary retail offering underpinned by tenants including supermarket, liquor, and butcher
* Ample at-grade car parking for 255* car spaces with the majority enjoying shade coverage (5.1:100 sqm GLAR)
* Estimated fully leased net income of $1.57 million* per annum as at 30 June 2018
* Specialty tenants are primarily subject to 4% annual reviews, offering strong income growth
* Near new, delivering significant depreciation benefits

* Approx.
˄ Current Configuration

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Property ID: 502830810Last Updated: 27 Aug 2018

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Address available on request
Aveley, WA 6069

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Cushman & Wakefield - Sydney
Cushman & Wakefield - Sydney
Level 22, 1 O'Connell Street
SYDNEY, NSW 2000
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Sashi Makkapati
Cushman & Wakefield - Sydney
Address available on request Aveley, WA 6069

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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