Realmark Commercial are pleased to present to market Lakelands Large Format Centre. Lakelands Large Format Centre, developed by Peet Limited, presents a distinctive opportunity to establish a presence in one of Perth's rapidly expanding corridors in the southwest. Located approximately 60 kilometers south of Perth's CBD, Lakelands serves a population of over 167,000 within a 20-kilometer radius. Notably, it is situated adjacent to the Lakeland Shopping Centre, anchored by major retailers such as Coles, Kmart, and Aldi.
What to know:
- Café Tenancy at 140sqm
- Showroom areas from 600sqm to 2,500sqm
- Gross lettable area 9,818sqm
- Zoning: District Centre Mixed Business
- Estimated completion Q4 2025
- 279 Car Bays
Location:
Lakelands sits in a one of the fastest growing corridors in WA's South West Peel Region. Within the immediate area of the subject site there are plethora of residential estates being developed such as The Garden, The Vista, Ocean Hill and Seaside and many more. Over the next few years, approximately 4,618 new homes are set to be built across these sites. Notably, the region has seen a remarkable 188% increase in sales compared to the previous year, highlighting its vibrant growth.
Lakelands Estate:
The Lakelands Estate, comprising approximately 2,800 lots, has achieved significant success, with 2,200 lots already sold and settled. Moving forward, there are roughly 600 lots remaining, distributed between two smaller stages in the western portion and the majority located in the eastern sector. Lakelands has experienced strong sales demand, averaging 10 gross sales per calendar month in FY2024, a trend we expect to continue into FY2025. Of note is the keen interest in the affordable town center offerings and the substantial registrations for the upcoming stages in the east, highlighting positive market dynamics. Post the completion of the Town Centre Stage and the development of the Bulky Goods Residential lots, Peet's attention will shift towards further expanding the eastern segment of this successful estate.
Infrastructure:
Residents in Lakelands, Madora Bay and surrounds will have a new travel option to choose from with the newest Mandurah Line station being built in Lakelands. The new station will include platforms and rail infrastructure over the existing Mandurah Line, park and ride, kiss and ride and disability parking bays, a bus interchange and lockable cycling storage. The line has now been completed and sits right next to the Lakelands Large Format Centre.
City of Rockingham & Mandurah:
The subject site sits on the edge of both Rockingham and Mandurah local councils and is seeing a huge investment in commercial activity. Within the city of Mandurah major projects include Peel Health Campus, Mandurah TAFE, Mandurah Common Ground and many more. City of Rockingham will see multiple recreation centers, new master planned communities in Arptenteur & Anniversary Park and many more.
Please contact the Fletcher Wolpers or Mike Rowe to express your interest, or if you require further information.
