Strata-Titled Shopping Complex - Buy One or Secure the Whole Asset

For the first time in over two decades, the Middle Swan Shopping Centre at 21 Dance Drive, Middle Swan is being offered to the market, presenting a rare and compelling investment opportunity.

Astute investors will immediately recognise the flexibility on offer, with the option to acquire the entire neighbourhood shopping complex, or purchase individually titled strata lots. Comprising five strata units, this asset provides both scale and versatility in a tightly held location.

The centre is well-positioned to benefit from ongoing population growth in the surrounding area and is anchored by a strong mix of established, destination-based tenants generating consistent foot traffic and reliable income streams.

Four of the five tenancies are currently leased, delivering immediate rental return, while the remaining vacant unit offers an excellent opportunity for owner-occupiers or investors to secure new tenancy and enhance overall yield. Existing businesses within the complex include a bottle shop and general store, fish and chips, pizza, and catering services.

Zoned 'General Commercial,' the property supports a wide range of permitted uses, providing significant upside and future flexibility. Potential uses (subject to City of Swan approval) include, but are not limited to, medical centre, consulting rooms, fast food or restaurant, showroom, lunch bar, garden centre, and more.

The property sits on a substantial 2,649sqm landholding, with a combined building area of 586sqm. It benefits from excellent accessibility, with ingress and egress available from three roads. There is also potential for further development or expansion (subject to relevant approvals), adding another layer of long-term value.

This is a rare chance to secure a multi-tenanted commercial asset in a tightly held precinct, offering immediate income, future upside, and flexible acquisition options.

Location: City of Swan
Land Area: 2,648.68sqm
Building Area:
Shop 1 - 60sqm
Shop 2 - 60sqm
Shop 3 - 60sqm
Shop 4 - 60sqm
Shop 5 - 346sqm

Title Details: Lot 1-5, Strata Plan 45964, Vol 2621, Fol 428, 429, 430, 431, 432

Zoning: LPS17 General Commercial
Annual Rent: Approx $180,000 per annum (forecasting that shops 3 & 4 will be leased at $400 net per week)
Outgoings: Approx $34,000 per annum paid by tenants as per the individual leases