25 Johnston Street, Collie, WA, 6225, AU

Collie Central

Asset Description

JLL and Lease Equity are pleased to offer for sale Collie Central Shopping Centre, 25 Johnston Street, Collie.

Collie Central Shopping Centre is situated in the heart of the thriving south-west town of Collie.

The centre offers the only enclosed mall retail experience in the town, delivering year-round shopping comfort and convenience.

Collie Central is anchored by a strong performing Woolworths supermarket supported by seven specialty stores including national tenants OPSM, TerryWhite Chemmart, Liquorland and the Commonwealth Government.

Situated 185km* south of Perth and 60km* east of Bunbury, the town of Collie itself has been designated as a growing “Super Town” by the WA State Government.

This community benefits from a dynamic and evolving economy supported by mining, green energy, emerging industries and agriculture; plus a booming tourism industry underpinned by mountain biking, hiking and motorsport.

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Attributes

Building area gross

4,508 m²

Occupancy

94%

Year built

2000

Land area gross

11,600 m²

Media

Investment Highlights

Long standing Woolworths supermarket anchor operating since 2005
$446k* in capex since 2016 including new roof-top solar, air-conditioning system, carpark lighting and security system
Strong core specialty tenant retention of over 10 years including Liquorland, OPSM, TerryWhite Chemmart, Boulevard Cafe and Under The Sun Gifts.
Fully leased net income of $866,994 p.a.*
Attractive depreciation benefits, including additional
tax allowances from Capital Works in recent years
Only enclosed and air-conditioned mall in Collie
72%* of GLAR underpinned by Woolworths and over
83%* underpinned by national tenants
Expansive 1.16ha* site with 140* onsite car bays and additional development potential

*Approx

For Sale by Expressions of Interest closing at 2pm (AWST) Wednesday, 22nd November 2023