Alkimos

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Trinity Village shopping centre in Perth’s north western suburb of Alkimos has sold for $34.05 million.
The neighbourhood shopping centre has a net lettable area of 6,081 square metres and is anchored by Coles on a long 15-year lease.
There are also 16 specialty tenants, including a Shell service station, medical centre and childcare centre.  
Trinity Village was sold at a rate of $5,599 per square metre at a 5.84% yield to a private local investor.
The architecturally designed centre was completed in 2018 and was sold by a syndicate of developers. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/1/PB_TRINITY_045.jpg" alt="" style="font-size: 12.16px;">
CBRE’s Richard Cash and Anthony Del Borrello of its Western Australian Retail Investments team negotiated the sale. 
Del Borrello said that after a five-week International Expressions of Interest Campaign, the property had garnered 86 enquiries and seven offers from a mix of local and east coast investors and offshore groups.  
“Insulation from economic fluctuations and the impact of online retail sales has also contributed to high demand for non-discretionary and service based neighbourhood shopping centres,” he said.
Cash said that this was the sixth neighbourhood shopping centre sale in WA in 2019, with a total transaction volume of over $100 million.  
“In the face of negative sentiments surrounding the retail investment market, we have already seen three transactions and $45 million more than this time last year and the average yield has tightened to 6.19%,” Cash said.
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Trinity Village shopping centre in Perth sells for $34 million

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A three bedroom Alkimos mortgagee home has been sold for $290,000.
This is a marked $119,000 reduction on its 2014 sale price of $409,000.
Brett White and Cristina Botha of Re/Max Extreme held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-alkimos-129394214" target="_blank">5/51 Axbridge Grange</a> the three bedroom two bathroom property is located in the Trinity Estate in Alkimos.
This cottage home was built in 2014.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
<a href="/developments/alkimos-wa-6038">Alkimos</a>, according to CoreLogic, has seen an increase in median home prices over the past 5 years of 37.5%.
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Alkimos mortgagee home sold for $120,000 loss

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A three bedroom house in Alkimos, a coastal suburb of Perth, has been recently listed for $310,000 by mortgagees. 
It was listed by Josh Douglas from Professionals, and was last sold in 2013 as a vacant lot for $177,000.
Located in the Trinity private estate of Alkimos,<a href="https://www.realestate.com.au/property-house-wa-alkimos-128773246" target="_blank"> the 24 Grado Way cottage</a> comes with three large bedrooms, two modern bathrooms, kitchen with stainless fittings, and separate courtyard. 
Other features include high ceilings, tiled flooring throughout living, and double lock up garage.
It is just a short stroll away from schools, shops and other amenities, and just 5 minutes from the pristine WA beaches.
 
 
 
 
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