Pearsall Shopping Centre, 155 Willespie Drive, Pearsall, WA 6065

Pearsall Shopping Centre presents a rare opportunity to acquire a well-established, fully leased neighbourhood retail investment positioned in Perth’s northern growth corridor with 31,000 residents living with 3km radius.

Anchored by a long-standing IGA supermarket and complemented by a resilient specialty tenancy mix, the centre services the established residential catchment of Pearsall and the surrounding City of Wanneroo suburbs with limited direct convenience-retail competition. The centre is at 100% occupancy and offers investors stabilised holding income together with reversionary upside as passing rents move toward market levels over the medium term.

Key features include:

• 2,563sqm (approx.) total building area made up IGA supermarket plus 6 specialties
• Established catchment area with little direct competition
• Strong WALE of 5.6 years (area) and 5.1 years (income)
• 100% occupied to non- discretionary mix spanning supermarket, pharmacy, medical centre, liquor and F&B
• 142 on-grade parking plus on-street parking for customer convenience
• Corner site well positioned within residential catchment
• Poised to be local centre for an extra 2,200 (approx.) homes with the underway connection of Bayswater Road into the Cosgrove Estate and further residential developments

For further information or to arrange an inspection, please contact the exclusive selling agents.