Colliers Retail Middle Markets are pleased to present the opportunity to acquire Trinity Village Shopping Centre, a contemporary Coles anchored neighbourhood shopping centre in Perth's north metropolitan growth corridor.
The Centre is located on a major arterial road, Marmion Avenue, only 14km* north from the satellite city of Joondalup, with excellent connectivity via the Mitchell Freeway and northern metropolitan train line.
The Centre is anchored by a long lease to ASX listed Coles, a petrol station and convenience store and a childcare centre, with a complementary tenancy mix of services, medical and F&B specialty tenants with a strong income growth profile. The centre is anchored by Coles (3,850sqm) on a 15-year lease with 2 x 10-year options allowing the lease to run until 2053.
WALE: 8.2* Year (by Area)
Land Details*
Site Area 21,600sqm
Total NLA 7,361.25sqm
Car Bays 301
1. High Growth Catchment
The Centre is located in Perth's north metropolitan growth corridor, within the master planned suburb of Alkimos. The catchment will ultimately service a resident population of 31,000+ with population growth of 7.84%* per annum expected for the next 8 years.
2. Anchored by Coles
With a 15 year lease to ASX listed Coles commencing in 2018 this asset provides the security of a long term income stream.
3. Long WALE
The Centre provides strong income security with a WALE of 7.2* years by income and 8.2* years by area. The strong income profile is backed by 15 year initial terms to Coles Supermarkets, Trinity Early Learning School and Burk Fuels.
4. High Exposure Site with Convenient Parking
The 21,600sqm island site is well positioned to capture the high volume of commuter and residential traffic along Marmion Avenue, with a weekday average traffic volume circa of 35,000 vehicles per day. The Centre provides multiple entrance points into the car park with at grade parking for 301* vehicles.
5. Architecturally Designed Contemporary Offering
The neighbourhood shopping centre was completed in 2018 to a very high level of finish. The Centre is strategically designed with an emphasis on convenience and customer amenity and offers significant depreciation benefits.
6. Modern Tenancy Mix
The Centre features a variety of complementary everyday needs specialty tenants and a strong focus on health, fitness and wellbeing including a 60 place childcare centre.
7. Future Proof Precinct
Alkimos Central represents the largest planned concentration of employment, business and economic activity between Joondalup and Yanchep.
Trinity Village is offered For Sale via an International Expressions of Interest campaign closing Wednesday the 25th of October 2023 at 2:00pm (AWST).
For further information or to arrange an inspection, please contact the exclusive selling agents-
Colliers Retail Middle Markets
Richard Cash
+61 412 006 949
richard.cash@colliers.com
Aidan Austen
+61 488 344 676
aidan.austen@colliers.com
*Approximately
