Woodvale Boulevard, WA_Property for Sale
Woodvale Boulevard, WA_Property for Sale
Woodvale, WA, AU

Woodvale Boulevard, WA

Asset Description

JLL is privileged to present the exceptional opportunity to purchase Woodvale Boulevard, a dominant supermarket-anchored neighbourhood centre located within the affluent Woodvale-Kingsley catchment, 18.5 km* north of Perth CBD.

The Centre is situated on a 27,229 sqm* landholding, anchored by a strong-performing Woolworths supermarket, trading 19.5% above the Urbis benchmark. With options to 2067, the supermarket is supported by a daily-needs specialty mix comprising food & beverage, gym, health, and medical tenants, which underpin an attractive specialty occupancy rate of 9.3%.

Woodvale Boulevard enjoys a desirable location at the intersection of Woodvale and Kingsley, situated in the vibrant heart of Perth’s northern suburbs. The centre services an affluent catchment of 54,2483 residents in the main trade area (MTA) with a significant average household income of $121,446.



Building area Gross
68,491 sf
Year built
Land area Gross
27,229.00 acres (1,186,095,240 sf)


Investment Highlights

Key investment highlights include:

- Anchored by a dominant Woolworths supermarket, trading 19.5% above the Urbish benchmark and paying percentage rent.

- High performing convenience centre with a desirable daily needs specialty tenancy mix and a low average specialty occupancy cost ratio of 9.3%.

- Value upside through average specialty gross rent currently at $884/sqm, 16.2% below the Urbis benchmark.

- Located within an affluent trade area with an average household income of $121,446, 6.2% above the Western Australian average (LocationIQ).

- Forecast retail expenditure growth of 2.7% over a 20-year period, supporting the centre's performance with retail sales growth for Western Australia consistently outperforming the national average (LocationIQ).

*All figures are approximate

A 100% freehold interest in Woodvale Boulevard is being offered for sale via an expressions of interest campaign, closing at 2pm (AEST), Thursdayu 15th June 2023.

Woodvale Boulevard, WA 4_Property for Sale
Woodvale Boulevard, WA 4_Property for Sale

Contact brokers

Woodvale Boulevard, WA (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
12 May 2023