• Fully leased retail property anchored by Liquorland
• Net income of $247,458 per annum with longstanding tenants
• Offers Invited closing 4pm (AWST) Wednesday, 12th February 2025 (unless sold prior)

For the first time in over five decades, 38 Haynes Street, Kalamunda, a fully leased with legacy tenants including popular bottle shop Liquorland, is being offered for sale.

This landmark property, situated at the prominent corner of Canning Road and Haynes Street, presents an exceptional opportunity for investors seeking stability, strong returns, and long-term growth potential.

Owned by two local families for more than 50 years, the property comes to market following the passing of the matriarch of one family. It has been a cornerstone of Kalamunda’s vibrant commercial precinct, with four of its five shops occupied by the same businesses since construction, reflecting the property’s desirability and tenant stability.

Senior Partner at Sterling Property, Jack Bradshaw, described the listing as a rare and exciting investment opportunity.

“This is a once-in-a-lifetime chance to secure a high-performing, fully leased retail property in the heart of one of Perth’s most established and enduring outer suburbs,” Mr Bradshaw said.

“With secure leases, longstanding tenants, and a net income of approximately $247,458 per annum, this property offers both immediate returns and substantial future potential.”

The property comprises a single-storey retail/commercial building with a net lettable area of approximately 805.40 sqm on a 2,484 sqm corner site. Tenants include Liquorland, Quik Kleen Dry Cleaners, Old Mate’s Café, Building Friendships, and Professionals Kalamunda, with a WALE of 2.1 years by rent.

Strategically positioned within the Kalamunda Activity Centre Plan, the property is zoned R-AC3 under the Kalamunda Town Centre Design Guidelines, allowing for redevelopment of up to four storeys (STCA).

Mr Bradshaw said the property’s location was key to its appeal.

“Kalamunda is a community known for its long-term residents with a bustling population of over 62,000 and only located just 24 kilometres from Perth’s CBD,” he said.

“Positioned adjacent to Bunnings and near Kalamunda Central Shopping Mall, this property enjoys high visibility and significant passing trade, making it a cornerstone of the local economy.”

Investors are invited to submit their offers by 4pm (AWST) on Wednesday, 12th February 2025, unless sold prior.