Dog Swamp Shopping Centre, Yokine WA
Property Overview and Strategy
Neighbourhood centre located in the suburb of Yokine approximately 4.5 kilometres north of the Perth CBD.
The centre comprises Woolworths and Aldi supermarkets, with 30 speciality tenancies inclusive of 2 kiosks, 2 ATMs and a mezzanine level 24 hour gym with onsite parking of over 400 car bays.
The property is located on the corner of Wanneroo Road and Wiluna Street and provides excellent exposure to passing traffic in addition to good access/egress for vehicles.
Originally constructed circa 1967 as a single level neighbourhood retail development that has been subject to various extensions and refurbishments since; most recently in 2017.
The recent works comprised the redevelopment of the western wing of the centre, with the introduction of an Aldi supermarket and additional specialties.
Adjacent to the Centre is Flinders Shopping Centre which is adjoined to the east by a common car park and anchored by a Coles Supermarket.
|
Major Tenant |
NLA sqm |
% NLA |
Expiry |
Rent Review |
|
Woolworths |
3,219 |
39% |
18 Jan 2035 |
5 yearly aggregate of base plus turnover rent. |
|
Aldi Foods |
1,682 |
20% |
7 Nov 2032 |
Annual CPI |
Busselton Central, Busselton, WA
|
Property information as at 31 December 2023 |
|
|
Book value |
$54.67m |
|
Capitalisation Rate |
6.125% |
|
Net Lettable Area (sqm) |
8,076 |
|
Occupancy (by NLA) |
100% |
|
WALE |
6.4 years |
|
Building constructed |
1967 |
|
Latest refurbishment |
2017 |
- Highlights
- Gallery
- Location
Highlights
ASSET INFORMATION
|
Location |
Yokine, WA |
|
Asset Type |
Neighbourhood Shopping Centre |
|
Lettable Area (m2) |
8,076 |
|
Occupancy by Income (%) |
100.0% |
|
Weighted Average Lease Expiry by Income (Years) |
6.3 |
|
Year Constructed |
1967 |
|
Last Refurbishment |
2017 |
|
Major Tenant/s |
Woolworths |
|
Website |
www.dogswampsc.com.au |
Gallery
Location