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Overview
Springs Shopping Centre
Springs Shopping Centre, located at 130-131 Bridgeman Drive in Bennett Springs, is a neighbourhood-sized retail complex anchored by Woolworths. The centre offers approximately 8,000 square metres of gross lettable area (GLAR) and serves as a key retail hub for the local community.
The shopping centre hosts around 25 national and local specialty retailers, providing a diverse range of services and amenities. These include medical facilities, pharmacy, dental services, allied health providers, childcare centres, hospitality venues, and a variety of dine-in and takeaway food outlets. This mix of tenants ensures that the centre caters comprehensively to the everyday needs of residents in the surrounding area.
The property sits on a 3.2-hectare site, originally purchased and developed through a 60/40 joint venture between QUBE and a specialist local shopping centre developer. Construction commenced in 2008 and reached practical completion in 2010, establishing a modern retail environment designed to support long-term capital growth and income generation.
Woolworths anchors the centre under a 20-year lease, providing a stable and reliable tenant foundation. The centre benefits from a mature catchment area comprising approximately 1,100 residential lots, also developed by QUBE, which supports consistent foot traffic and retail demand.
The development was strategically created to deliver sustained capital and income returns to the joint venture partners and investors. Investors hold their interests as shareholders in a single-asset company, with distributions paid quarterly as franked dividends, reflecting the centre's ongoing operational success and financial stability.
Overall, Springs Shopping Centre represents a well-established retail asset with a strong tenant mix, anchored by a major supermarket, and positioned within a growing residential catchment. Its comprehensive range of services and amenities makes it a vital community retail destination in Bennett Springs.
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
Bennett Springs WA 6063
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 8000 m² |
Market Insights for Bennett Springs WA 6063
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