Joondalup Square 3 Sundew Rise,
Joondalup, WA 6027
Shops & Retail
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Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
04020793...
Joondalup Square 3 Sundew Rise
Joondalup, WA 6027
Map of Joondalup Square 3 Sundew Rise
Train stations within 5 km of Joondalup Square 3 Sundew Rise, Joondalup, WA 6027 Distance Edgewater Station 1.5 km Joondalup Station 1.7 km Currambine Station 4.4 km Whitfords Station 4.5 km POWERED BY HERE ©Bus stops within 5 km of Joondalup Square 3 Sundew Rise, Joondalup, WA 6027 Distance Joondalup Dr After Eddystone Av 100 m Joondalup Dr After Lakeside Dr 132 m Joondalup Dr After Treetop Av 285 m Lakeside Dr After Deakin Gte 574 m University Dr After Cornell Pde 575 m POWERED BY HERE ©
POWERED BY HERE ©
Trophy LFR Centre in Perth's Pre-Eminent LFR Catchment
- Fully Leased
- +94% Underpinned by National Tenants
- WALE of +6 Years
Colliers and Cygnet West are excited to offer for sale Joondalup Square, an intergenerational opportunity to acquire a best-in-class trophy Large Format Retail Centre within Perth’s pre-eminent LFR catchments.
Strategically located in Joondalup, 26km north of the Perth CBD, the Centre is positioned within the heart of Perth's northern growth corridor, serving as the key metropolitan hub for the northern suburbs—a catchment experiencing strong population growth, with excellent connectivity and a strong, affluent customer base.
Joondalup Square is a single level open air Large Format Retail (LFR) Centre constructed in 2013, boasting a total lettable area of 13,216m² across three freestanding buildings and is serviced by a convenient at grade car park with 352 car park spaces. The Centre enjoys a strategic location that is integrated with Bunnings.
The Centre boasts a robust mix of high-profile national retailers, featuring 14 large format retail (LFR) tenants and 5 specialty stores including but not limited to Amart Furniture, Beacon Lighting, PetO, Bedshed, Kitchen Warehouse, Forty Winks, Adore Home Living, and BBQ's Galore.
Key Investment Highlights
- Secure Investment: Fully leased Large Format Retail (LFR) Centre.
- Prime Location: Located in Joondalup, 26 kilometres north of Perth CBD.
- Secure WALE: Long WALE (income) of over 6 years
- National Tenants: Over 94% of income secured by national/chain/ASX retailers
- Strong Rental Growth: Retailers feature attractive CPI or fixed annual rental reviews
- Expansive Catchment: Catchment expected to increase to 564,264 persons by 2041¹
- Value-Add Opportunity: Two tenant pre-commitments are in place for a planned 1,280m² expansion of the Centre.
Expressions of Interest closing 2.00pm (AWST) on Thursday, 26 September 2024.
¹ Location IQ
*approximate.
*Site boundaries indicative only
Strategically located in Joondalup, 26km north of the Perth CBD, the Centre is positioned within the heart of Perth's northern growth corridor, serving as the key metropolitan hub for the northern suburbs—a catchment experiencing strong population growth, with excellent connectivity and a strong, affluent customer base.
Joondalup Square is a single level open air Large Format Retail (LFR) Centre constructed in 2013, boasting a total lettable area of 13,216m² across three freestanding buildings and is serviced by a convenient at grade car park with 352 car park spaces. The Centre enjoys a strategic location that is integrated with Bunnings.
The Centre boasts a robust mix of high-profile national retailers, featuring 14 large format retail (LFR) tenants and 5 specialty stores including but not limited to Amart Furniture, Beacon Lighting, PetO, Bedshed, Kitchen Warehouse, Forty Winks, Adore Home Living, and BBQ's Galore.
Key Investment Highlights
- Secure Investment: Fully leased Large Format Retail (LFR) Centre.
- Prime Location: Located in Joondalup, 26 kilometres north of Perth CBD.
- Secure WALE: Long WALE (income) of over 6 years
- National Tenants: Over 94% of income secured by national/chain/ASX retailers
- Strong Rental Growth: Retailers feature attractive CPI or fixed annual rental reviews
- Expansive Catchment: Catchment expected to increase to 564,264 persons by 2041¹
- Value-Add Opportunity: Two tenant pre-commitments are in place for a planned 1,280m² expansion of the Centre.
Expressions of Interest closing 2.00pm (AWST) on Thursday, 26 September 2024.
¹ Location IQ
*approximate.
*Site boundaries indicative only
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Property ID: 504674780Last Updated: 19 Sep 2024
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000