5345 Richardson Road

Stoneville WA 6081

We are pleased to present for sale this well-established and high-performing shopping centre in the heart of Perth's Eastern Hills. Strategically positioned and fully leased, the property offers both immediate income and long-term upside through development of adjoining land.Prime LocationLocated in a growing residential corridor, the centre is: 2.5 km from Mundaring 3.0 km from Parkerville 4.0 km from Mount Helena 6.0 km from Sawyers Valley 10.0 km from Chidlow Also nearby: Mahogany Creek, Hovea, and Glen ForrestThe site benefits from strong daily traffic along Stoneville and Richardson Roads, with proximity to major schools in Mount Helena and Parkerville enhancing the local customer base.Tenant Mix & ConfigurationAdjoining a high-traffic liquor store, the centre comprises six fully leased tenancies:Shop 1 & 2 - Coffee Shop (plus patio & alfresco) - 83sqm (internal only) Shop 3 - Wellness Consultant - 41sqm Shop 4 - Pilates Studio - 45sqm Shop 5 - Skin Care Clinic - 79sqm Shop 6 - Supermarket, Fruit & Veg, Post Office - 330sqmTotal built area: ~578 sqmZoning: Local Centre - permits a wide range of uses including retail, food & beverage, consulting rooms, office, and more (subject to Shire of Mundaring and relevant authorities' approval).Financial Overview Rent: $116,000 p.a. (plus GST) Outgoings: Fully recoverable from tenants Occupancy: 100% leased Rental Reliability: Long-standing tenants with consistent payment history since constructionAffordable rental levels and strong tenant retention contribute to minimal vacancy risk and stable cash flow.Value-Add OpportunitiesFor the astute investor or owner-operator, potential upside includes: Development of adjoining land to expand tenancy mix and income. Upgrades to presentation and amenity to enhance customer experience and tenant appeal. Passive investment with reliable income stream and low management intensity.