381-385 Williamstown Road Yarraville VIC 3013

Savills Retail Investments is delighted to present for sale Western Gateway Centre, a generational investment opportunity and the first Large Format Retail Centre to be offered in Metropolitan Melbourne in 2025.

Situated on a large main road landholding in Yarraville, this exceptional, fully leased centre is anchored by a strong tenancy mix of national retailers including the ASX-listed Officeworks Limited.

Key attributes of the property include:

Trophy retail investment with significant 'value-add' potential and short-term rental reversion
Rare opportunity to secure a well-established retail centre well below replacement value
Securely underpinned and anchored by Officeworks, a subsidiary of ASX-listed Wesfarmers Limited (Market Cap: $93 billion)
Highly sought-after 'net' lease to Officeworks allowing full recovery of all outgoings, including Land Tax
Additional income potential from EV charging station and rooftop signage
Outstanding exposure to 180,000 daily vehicles via 84m frontage to Williamstown Road and high visibility from the West Gate Freeway
Substantial corner landholding of 6,325* sqm with premium underlying land value
Fully leased centre with a total GLA of 2,897* sqm
Ample at-grade car parking for 70 vehicles
Irreplaceable City Fringe landholding only 7kms from Melbourne's CBD
Estimated Net Income: $835,485 p.a. (at Dec 25')

*Approximate

For Sale by Expressions of Interest closing Thursday 28th August at 4pm (AEST).

For further information please contact:

Rick Silberman - 0432 831 511
Stephen Bolton - 0419 323 997