Malaga leased investment up for grabs

A fully leased large format retail outlet in Perth's northern suburb of Malaga is on the market through an offers to purchase campaign closing 6 April.

The property, 738 Marshall Road, features two showroom/warehouses and has total net lettable space of around 3,215sqm on a 7,575sqm landholding.

It has a total passing income of $473,889 per annum.

Jack Divitini from CBRE  said the secure lease offered with the property would attract strong interest from investors.

“Not only does it offer security of immediate income, but the property’s strategic northern location and high profile main road exposure will ensure it remains an attractive option in the leasing market,” he said.

"The property is located on a prime corner site fronting Marshall Road, with a strong calibre of nearby retailers including Bunnings, Officeworks, Harvey Norman, The Good Guys and City Farmers.

"Recent take up of land in the Freeway Industrial Estate nearby would have a positive impact on capital growth in the future development of the Malaga area."