Large Format Retail, Medical & Lifestyle Centre

Retail - EDGEWATER WA

Burgess Rawson is pleased to present a rare opportunity to secure a substantial, fully leased large format retail, medical and lifestyle centre in one of Perth’s strongest northern growth corridors. Prominently positioned on a high-profile corner at Joondalup Drive and Ocean Reef Road, the property benefits from fantastic exposure, strong passing traffic, and convenient access to major surrounding amenity.

This fully leased investment is underpinned by a diverse tenancy profile across medical, health, fitness, retail showroom and service-based operators, anchored by well known tenants including St John Urgent Care, Sista Fitness and Audika along with a host of well know WA business. The property provides investors with secure income, annual rental reviews and a strong WALE of approximately 4.06 years*, together with long term upside through its flexible ‘Centre’ zoning and future redevelopment potential.

Features:
+ Fully leased large format retail, medical and lifestyle centre
+ Prominent corner location with major exposure to Joondalup Drive and Ocean Reef Road
+ Diverse tenancy mix anchored by St John Urgent Care, Sista Fitness and Audika
+ Estimated net rental income of $1,037,332 p.a.*
+ Strong WALE of approximately 4.06 years
+ Substantial 6,260sqm building area* on 10,716sqm land area*
+ 146 on-site car bays
+ Flexible ‘Centre’ zoning under City of Joondalup Local Planning Scheme No. 3
+ Long term redevelopment potential with no maximum building height limits
+ Well connected location close to public transport, major retail and key infrastructure

Building Area:
6,260sqm*

Land Area:
10,716sqm*

Asking Price:
Offers from $13,500,000 (Going Concern)

For further information or to arrange an inspection, please contact the exclusive selling agent.
*Approximate