Neighbourhood Shopping Centre
Pearsall Shopping Centre is a small neighbourhood centre build in 2012 on the corner of Willespie Drive and Brooklyn Avenue in Pearsall in the north east corner of Wanneroo Road and Ocean Reef Road approximately 23 kilometres north of Perth CBD.
Brett and Stephen were able to identify a buyer from a regular marketing trip to Singapore. They understood the Singaporean’s investment criteria and then identified the property (Pearsall Shopping Centre) and negotiated the deal off-market. Anchored by an IGA tenancy the centre is well serviced with approximately 145 car bays plus on-street parking. The buyer was very happy with the deal and is already looking for more opportunities similar.
|Sale Date:||8 May 2018|
|Net Income:||$790,000 pa (sstimated 1|
|Yield – passing:||6.32%|
|Sale Process:||Private Invitation|