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Girrawheen, 60 - 64 Marangaroo Dve


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Contact Details

Robert Farris
Mobile: 0418 956 700
Email this agent

Ron Farris
Mobile: 0411 137 788
Email this agent

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SOLD
Land Size : 38155 m2
Type : Retail

***UNDER OFFER***LEASED INVESTMENT FOR SALE

SUIT HIGH NET WORTH INVESTOR, FAMILY SYDICATE OR FOREIGN INVESTOR.
Outstanding Perth Neighbourhood Shopping Centre includes adjoining Shell Service Station

Newpark Shopping Centre and Shell Service Station
60 64 Marangaroo Drive, Corner Templeton Crescent and Balgonie Avenue, Girrawheen WA

LOCATION:
The properties are situated on the southern side of Marangaroo Drive located between Templeton Crescent and Balgonie Avenue. The properties are approximately
SUIT HIGH NET WORTH INVESTOR, FAMILY SYDICATE OR FOREIGN INVESTOR.
Outstanding Perth Neighbourhood Shopping Centre includes adjoining Shell Service Station

Newpark Shopping Centre and Shell Service Station
60 64 Marangaroo Drive, Corner Templeton Crescent and Balgonie Avenue, Girrawheen WA

LOCATION:
The properties are situated on the southern side of Marangaroo Drive located between Templeton Crescent and Balgonie Avenue. The properties are approximately 13 kilometres north of the Perth Central Business District.

MAJOR TENANCIES:
The centre comprises the following majors:
Supa IGA Supermarket, Coles Express Service Station, Reject Shop, Commonwealth Bank, Hungry Jacks, Subway
Anytime Fitness, Australia Post Office, Rivers Clearance Store, Liquor Stax Liquor Store, Medical Centre, Muzz Buzz,
Newsagent and Lotto, Discount Pharmacy, Child Care Centre, St Vincent de Paul.
A total of 41 tenancies are located at the centre.

SITE AREA:
These together comprise of an area of 38,155 square metres, being
Lot 504: 2,068 sqm
Lot 509: 36,087 sqm

NET LETTABLE AREA:
Shopping Centre Total of 41 Tenancies
10,001sqm approximately plus Coles Express Whole Site

INCOME SUMMARY:
$1,731,540 per annum approximately
Estimated Net income is based on current leased shops with two vacancies available.

BRIEF DESCRIPTION:
The property is improved with a fully enclosed single level Neighbourhood' shopping centre anchored by Supa IGA supermarket and is situated on two titles comprising the main centre (Lot 509) and a freestanding Shell Service Station (Lot 504). Originally constructed in 1979 the centre was extensively refurbished and extended in 1989 and again more recently in 2007. The 2007 centre works included refurbishment of the supermarket and surrounding mini major tenancies as well as modernising of the entry statements and external facades.

CAR PARKING:
Car parking for approximately 630 vehicles is provided on site, reflecting a rate of 6.43 bays per 100 sqm of lettable area.

For further details or to arrange an inspection please contact:
Robert Farris
0418 956 700
robf@rfre.com.au

Ron Farris
0411 137 788
ronf@rfre.com.au

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