We are pleased to present for sale this well-established and high-performing shopping centre in the heart of Perths Eastern Hills. Strategically positioned and fully leased, the property offers both immediate income and long-term upside through development of adjoining land.

Prime Location

Located in a growing residential corridor, the centre is:
2.5 km from Mundaring
3.0 km from Parkerville
4.0 km from Mount Helena
6.0 km from Sawyers Valley
10.0 km from Chidlow
Also nearby: Mahogany Creek, Hovea, and Glen Forrest

The site benefits from strong daily traffic along Stoneville and Richardson Roads, with proximity to major schools in Mount Helena and Parkerville enhancing the local customer base.

Tenant Mix & Configuration

Adjoining a high-traffic liquor store, the centre comprises six fully leased tenancies:

Shop 1 & 2 - Coffee Shop (plus patio & alfresco) 83sqm (internal only)

Shop 3 Wellness Consultant 41sqm

Shop 4 Pilates Studio 45sqm

Shop 5 Skin Care Clinic 79sqm

Shop 6 Supermarket, Fruit & Veg, Post Office 330sqm

Total built area: ~578 sqm

Zoning: Local Centre permits a wide range of uses including retail, food & beverage, consulting rooms, office, and more (subject to Shire of Mundaring and relevant authorities approval).

Financial Overview

Rent: $116,000 p.a. (plus GST)
Outgoings: Fully recoverable from tenants
Occupancy: 100% leased
Rental Reliability: Long-standing tenants with consistent payment history since construction

Affordable rental levels and strong tenant retention contribute to minimal vacancy risk and stable cash flow.

Value-Add Opportunities

For the astute investor or owner-operator, potential upside includes:

Development of adjoining land to expand tenancy mix and income.
Upgrades to presentation and amenity to enhance customer experience and tenant appeal.
Passive investment with reliable income stream and low management intensity.