Dalyellup Shopping Centre

The key investment highlights of this opportunity include:

·        Dominant 6,469 sqm* neighbourhood shopping centre anchored by Woolworths plus 1 mini-major, 14 specialty shops & 2 kiosks

·        High exposure 22,827 sqm* town centre landholding positioned 9km* south of Bunbury CBD and 450m* to the Bussell Highway interchange

·        Easily accessible and convenient at-grade car parking provision for 340* spaces (5.3 cars:100 sqm lettable area)

·        Woolworths secures 57%* of gross rent on a rare 20-year lease with 4x10 years option plus minimum 5% base rent increases every 5 years

·        Resilient income stream with food, service and convenience based offering securing 85%* of the centre’s gross rent and a long WALE of 7.2 years (by income)

• Outstanding growth catchment of 32,554 people in the main trade area, growing at 1.4% per annum to 2046, nearly 3x the broader Western Australian average¹

·        Strong specialty turnover performance 14% above benchmarks² and sustainable occupancy cost ratios of 6.7%* p.a.

·        Rental uplift potential with specialty rents 31%* below benchmarks supported by a strong performing supermarket, trading 19%* above benchmarks²

• Retail growth forecast of 3.8% per annum, reaching $1.3 billion by 2046¹
• Value-add opportunities including reconfiguration of the mini major and 28%* low site cover

·        Estimated fully leased net income of $2.37 million* per annum

Financials forecast as at 31-Mar-25; MAT as at 31-Dec-24

* Approximate

¹ Location iQ

² Urbis benchmarks for single supermarket shopping centres

Dalyellup Shopping Centre is offered as part of the Australian Retail Convenience Portfolio, available for sale via Expressions of Interest closing Thursday 27th March 2025.

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