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Commercial in Wanneroo
SOLD 26,000,000
- Building: 16,388m²
- Land: 2.9488 ha (7.29 acres)
Ray White Commercial WA was pleased to represent the seller with the sale Drovers Market Place, Wanneroo, an A-class large format retail centre investment.
This modern 16,388sqm LFRC investment occupies a considerable land footprint of 29,488sqm that is strategically positioned at the major arterial juncture of Wanneroo Road and Joondalup Drive (extension of Burns Beach Road), harnessing a significant growing population catchment with strong demographics.
This high yielding investment delivers a net income exceeding $2,050,000 per annum, underpinned by secure leases and a long 7.91 year WALE, 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
Michael Milne
Senior Advisor | Capital Markets
Ray White Commercial WA
0403 466 603
michael.milne@raywhite.com
Brett Wilkins
Director | Capital Markets
Ray White Commercial WA
0478 611 168
brett.wilkins@raywhite.com
16,388m²
2.9488 ha / 7.29 acres
Business
Tenanted
