A leased investment property in Perth’s northern suburbs is expected to attract strong interest from local, national and offshore investors when it hits the market this week.

The Wanneroo Central North Building located at 9 Rocca Way, Wanneroo, provides two levels of boutique accommodation. The building is currently leased to five tenants, with a strong annual rental growth profile.

The Wanneroo Central North Building enjoys a key position in the City centre directly adjacent to the Wanneroo Shopping Centre with prominent street exposure and good car parking amenity. The building has great connectivity with Wanneroo Road, a major arterial road providing access to the greater northern metropolitan region.

This exciting opportunity offers an investor the chance to purchase a high-quality asset, with a tenancy mix that appeals to the vibrant community.

Colliers State Chief Executive for Western Australia, Richard Cash said “retail properties continued to demonstrate strong demand from investors across the country. 9 Rocca Way presents a strong opportunity for a diverse income mix benefitting from 5 tenants including CBA, the Minister for Works and F45” he said. 

“There is scope for future development of the site of 2,987sqm* and given its city centre location and robust forecast population growth of 4.7% by 2041, it’s an ideal opportunity.

Colliers Director of Investment Services WA, James Baker said “Wanneroo is the largest growing local government in WA and a great opportunity to invest in a city with the second largest population of any local government area in Perth. Assets like Wanneroo North Building which enjoy a diverse tenant mix are increasingly hard to find.”

This property is offered For Sale via Expressions of Interest campaign closing Wednesday, 16 November 2022 at 3:00pm (AWST).

For more information contact the agents via the contact details below.

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