MALAGA Markets, a Perth institution since 1994 with its fruit and veg stalls and international food hall, has hit the market with a price guide of $11,990,000 at 7 Bonner Drive in Malaga.
The asset, that comes with 2,900sq m* of building area and a 2,256sq m* net leasable area, also provides external car parking of around 375 bays.
On Beach Road and just off of Alexander Road, the property offers exciting opportunities to add to or refine the markets.
The asset is being marketed and sold by Ray White Commercial (WA) Property Advisor Brett Wilkins.
Mr Wilkins said Malaga Markets was arguably the best performing variety markets in Perth, with over 1.5 million visitors annually.
“The spread of tenancies, long history of permanency and underlying land value makes the Malaga Markets a great investment,” Mr Wilkins said
“The gross income structure means that any improvements in operational efficiency will have immediate financial benefits to the owner.