IGA-anchored shopping centre in Perth's Ellenbrook up for sale

An IGA-anchored neighbourhood shopping centre in the residential pocket of Ellenbrook in Perth is on the market.

Located at 20 Sunray Circle, Woodlake Village comprises an IGA supermarket, 24 specialty stores and a standalone building with three tenancies, including a medical centre and gym.

The centre is up for sale through an offers to purchase campaign. The listing agents are CBRE’s Andrew Woodley-Page and Richard Cash.

Woodley-Page said the centre would be a good investment as Ellenbrook is one of Perth’s fastest growing residential locations.

“With a population of approximately 40,000 people – and substantial year on year population growth - an investment opportunity in Ellenbrook of this quality is expected to attract a strong pool of interest from both interstate and local buyers,” Woodley-Page said.

Cash said the tenancy profile -- IGA, Chemmart, Liquor Barons and Plus 24/7 -- would be a key selling factor because of the income security and scope for further capital return.