Approved Port Coogee SDA project offered for sale
A boutique coastal development site within Port Coogee’s marina precinct has been listed for sale.
Case Studies
1387 Wanneroo Road, Wanneroo, Western Australia
DROVERS MARKETPLACE, WANNEROO
1387 Wanneroo Road is strategically positioned at the major arterial intersection of Wanneroo Road and Joondalup Drive (extension of Burns Beach Road) Wanneroo, within Perth’s booming Northern Corridor harnessing a significant population catchment.
High yielding investment anchored by leading national and local business Dan Murphy’s, Surge Fitness, Good Samaritan Industries, Spurs Steakhouse Restaurant, Drovers Little Learners Childcare, The Swim School WA and Drovers Self Storage.
• Modern 16,388sqm LFRC investment
• Net income $2,051,157pa
• 7.91 year WALE (by area)
• 343* parking bays with the capacity to further extend car park at rear
• 29,488sqm land area with 191m frontage to Wanneroo Road
• Contemporary designed Large Format Retail Centre
• Anchored by Endeavour Group t/as Dan Murphy’s Wanneroo
| Sales Analysis | |
| Sale Date: | $26,000,000 |
| Settlement Date: | 19 December 2022 |
| Land Area: | 29,488sqm* |
| NLA Area: | 16,388sqm* |
| Rate/sqm: | $1,586/sqm* |
| Net Income: | $2,051,157pa* |
| WALE: | 7.91% |
| Vendor: | Greenpark Asset |
| Purchaser: | Baron Vanilla Management |
*Approximately
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