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Overview
Large Format Income Trust
Located at 27 Exhibition Drive, Malaga, this property occupies a substantial 4,500 square meter site within one of Perth's premier Large Format Retail precincts. The site features a modern retail building constructed in 2007, offering approximately 2,000 square meters of Gross Lettable Area (GLA), designed to accommodate large format retail operations.
The property benefits from direct exposure to Beach Road, a significant distributor road that runs east-west, connecting the west coast with the north-eastern inner suburbs of the Perth metropolitan area. This strategic location enhances accessibility and visibility for retail tenants and customers alike.
The Malaga Large Format Retail precinct is a vibrant retail hub supported by a range of high-profile national brands, including The Good Guys, Harvey Norman, BCF, SuperCheap Auto, and City Farmers, contributing to a strong retail environment and customer draw.
This dual-tenanted property is secured by leases to JB Hi-Fi, which occupies approximately 70% of the space and has been one of the best performing stores in the Perth metropolitan area since 2008, and Hollywood Interiors, one of four Perth metro lighting and homewares retail outlets. The presence of these established tenants provides a stable and reliable income stream.
The property was acquired in 2018 as a going concern with the primary objective of providing steady recurring income for unit holders. Investors hold their interests as unit holders in a single-asset QUBE unit trust, with distributions paid quarterly, offering an investment opportunity focused on income generation.
Overall, this property represents a well-located, modern large format retail asset within a strong retail precinct, anchored by reputable tenants and benefiting from excellent road exposure and accessibility. It is suited for investors seeking stable income from commercial retail real estate in the Perth metropolitan area.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Malaga WA 6090
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 2000 m² |
Market Insights for Malaga WA 6090
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