Located at 73-89 Eighth Avenue and 172 Whatley Crescent, directly opposite the newly upgraded Maylands Metronet Train Station, Station Village Maylands offers investors a rare opportunity to acquire a securely leased freehold retail investment with future development upside.
The property, offered for sale via an offers invited campaign, comprises a site area of 2,282sqm and a building area of 953sqm, and is currently generating a net income of $391,266 with a WALE of 4.77 years.
Anchored by MetcashIGA Xpress franchisee, which has traded at the site since 1982, Station Village Maylands is 100 per cent leased to a mix of well-established tenants including Wilson Parking, Thai Smile, Leo’s Pizza, Parul’s Kitchen, Hair by Handy and The Sunshine Lane.
Mr Wilkins said the property's long trading history and prominent location made it a highly attractive investment.
“This is an exceptionally secure asset, anchored by Australia’s leading wholesale distribution company Metcash, with tenants who have, on average, operated at the site for over 17 years,” he said.
“It’s a rare opportunity to acquire a town centre property with both solid income and major future development potential, right in the heart of Maylands, just 5km from the Perth CBD.”
The site benefits from exceptional connectivity, with the Perth to Midland rail line providing direct access to both the CBD and the airports, while major roadways like Guildford Road and Tonkin Highway are nearby.
Mr Woodley-Page said that the property’s central location would appeal to a wide range of investors.
“We expect strong interest from local, interstate and family office investors who see the combined appeal of a securely leased retail centre and an irreplaceable town centre site with future development potential,” he said.
Maylands is a vibrant, riverside suburb known for its lively café, retail and arts scene, with a population of over 13,000 residents and growing.
"The area’s transformation in recent years, including the completion of the Perth Metronet Maylands Station upgrades, further strengthens its investment fundamentals," Mr Woodley-Page said.
The vendor, the Perth-based Auderna Family Office, has held the asset as a private investment and is now offering it to the market as they rebalance their portfolio.
