JLL is pleased to present the Pooraka Shopping Centre for sale – a high-yielding neighbourhood shopping centre anchored by Foodworks and providing a net yield in excess of 6.25%.
The property is situated on a highly visible corner site of 2,240sqm* just 200m* to Bridge Road. The 1,059sqm* building has been recently painted with fresh landscaping outside.
The centre is leased to anchor tenant Foodworks Supermarket and 5 specialty stores, providing a diverse mix of tenants including hairdresser, beauty salon, fitness centre, pizza bar and laundromat. There is one vacancy of circa 100sqm (two shops combined) providing further upside to the passing income.
Pooraka Shopping Centre produces passing net income of approximately $143,600 per annum after expenses, reflecting a net yield of over 6.25%. We consider the property to be a fantastic investment and have no hesitations in recommending this for your consideration.
For further information or to arrange and inspection of the property please contact exclusive selling agent JLL.
JLL RLA 1842