Shopping centre creates magnificent investment opportunity

12 July 2018

Bertram Central has hit the market and Savills Australia invites those seeking a solid investment opportunity to express their interest in the modern complex.

Savills Australia’s Barney Dear, Chas Moore and Chris Ireland have been appointed to sell the retail centre located on the Corner of Champion Drive and Hero Crescent, Bertram and said they are expecting a variety of interest amongst the mix of potential buyers.

“We expect strong interest from local, interstate and offshore investors.” Mr Dear said. ‘The attainable price point, non-discretionary nature and long lease profile of neighbourhood centres continue to attract investors to this asset class.”

The shopping centre comprises three main buildings, is anchored by a 15 year lease to an IGA supermarket and accompanied by a high quality mix of specialty stores.

“Tenancy mixes of this quality are “hard to come by”. Integral specialties such as medical, pharmacy, gymnasium, news agent, fast food and liquor all complement the full line IGA Supermarket,” Mr Ireland said.

The complex has a fully leased net income of approximately $1,425,000 per annum and an attractive weighted average lease expiry of 8.65 years, by area.

The main building boasts a modern IGA layout with a central mall area and eight surrounding specialty stores, whilst the remaining two structures host the liquor, fast food, medical and gymnasium uses. The 9,196sqm site is within the well-established suburb of Bertram, located 32 kilometers south of the Perth CBD and Mr Moore says the complex is in a prime position.

“The complex falls within the catchment of the City of Kwinana and is bounded by Champion drive, Hero Crescent, Price Parkway and Protector Way and provides excellent exposure to the busy Johnson Road,” Mr Moore said.

Located in close proximity to major arterial roads, including Thomas Road and Mortimer Road, Mr Dear says the Bertram Shopping Centre is well positioned to benefit from its established and growing trade area.

“The centre provides convenient access from Protector Way and Champion Drive and allows visitors and shoppers to take advantage of the onsite parking that is provided for up to 105 vehicles, along with additional street parking for approximately 50 cars.” Mr Dear said.

Expressions of interest close 3pm (WST) Thursday 16 August 16 2018 at 3pm.

Click here to learn more about Savills Retail Investments.

 
 

Key Contacts

Barney Dear

Barney Dear

Manager
Metropolitan & Regional Sales

Savills Perth

+61 (0) 8 9488 4116

 

Chas Moore

Chas Moore

Director
City Sales

Savills Perth

+61 (0) 8 9488 4155