The APIL Essential Retail Income Fund currently comprises of two retail assets; 1 Waverley Road, Coolbellup and 15 Dwyer Turn, Joondalup. Both properties are located in well-established suburbs and predominately have national tenants. 1 Waverley Road, Coolbellup is anchored by a Woolworths. The centre offers additional retail and food services making it a convenience hub for the local community. 15 Dwyer Turn, Joondalup is anchored by Officeworks and The Reject Shop. The centre is located within the Joondalup Town Centre which is an established trading precinct. The property’s corner location provides visibility to passing traffic.
Our approach to this investment
The properties are predominantly occupied by national tenants minimising vacancy risk.
The zoning of the Joondalup property provides for potential future redevelopment.
The properties are located within the Perth greater metropolitan area in established suburbs.
Located in the heart of Coolbellup, 1 Waverley Road is a retail property anchored by a Woolworths supermarket. The property offers a range of retail and food services, serving as a convenient hub for the local community.
Year Purchased2021
Lettable Area3,768m²
Property Location1 Waverley Road, Coolbellup, WA
Property Portfolio
Joondalup, WA
Situated in the Joondalup Town Centre, 15 Dwyer Turn is a retail property anchored by Officeworks and The Reject Shop. Its prominent corner location provides visibility to passing traffic in this established trading precinct.
