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.
Colliers - Sydney
Level 30, Grosvenor Place, 225 George Street, Sydney, NSW