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7 Bonner Drive Malaga WA 6090

  • Shop & Retail
  • 2,256 m²
  • For Sale, $11,990,000 (going concern)

Malaga Markets offering tenancy & income spread with multiple opportunities

    The Malaga Markets is arguably the best performing variety markets in Perth, with over 1.5 million visitors annually.

    The spread of tenancies, long history of permanency and underlying land value makes the Malaga Markets a great investment.

    Malaga Markets is a purpose built variety market with 65 tenancies centred around a food court and fresh food tenancies and bar with a strong trading history since 1994, located on a prime site with fantastic opportunities to add value.

    Whilst the WALE is approximately 4.5 years there are many tenants who have been successfully trading on short-term leases for many years. The average tenancy at the Malaga Markets is approximately 7.1 years.

    The 65 tenancies cover a wide variety of uses centred around the food court and fresh food offerings.

    The future potential of the 1.85 hectare site is only limited by your imagination.

    With "Highway Service" zoning, major frontage to Beach Road and metres away from Alexander Drive the site offers multiple options in the future.

    Because the leases are all gross any saving in outgoings or improved efficiency means an immediate increase in net income to the owner.

    Passing Net Income (1/8/19) is $883,816
    Full Potential Net Income is (est) - $1,008,680

    For further information or to arrange an inspection please contact:

    Brett Wilkins
    M: 0478 611 168
    E: brett.wilkins@raywhite.com

    Michael Milne
    M:0403 466 603
    E: michael.milne@raywhite.com

    Address7 Bonner Drive Malaga WA 6090
    ZoningHighway service
    CouncilCITY OF SWAN
    We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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    Property Highlights

    Property ID2015507061
    Floor Area2,256 m²
    Land Area1.82 ha
    Parking375 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  5 Feb 2021
    Map for 7 Bonner Drive Malaga WA 6090
    Map for 7 Bonner Drive Malaga WA 60907 Bonner Drive Malaga WA 6090
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Property Highlights

    Property ID2015507061
    Floor Area2,256 m²
    Land Area1.82 ha
    Parking375 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  5 Feb 2021
    Ray White Commercial (WA)
    Ground Floor, 12-14 The Esplanade Perth WA 6000

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