Coles & Liquorland Maylands Hits the Market with Long-Term Income and Redevelopment Upside

Coles and Liquorland at 246 Guildford Road, Maylands, has hit the market through Burgess Rawson from CBRE’s Yosh Mendis and Zomart He, as well as Rob Selid from Burgess Rawson WA.

The offering presents a rare opportunity to secure a blue-chip asset with long-term income and significant development potential. Leased to Coles Group until 2031 with two further ten-year options, the property is underpinned by a substantial 9,036sqm freehold site in a prime inner-metro location, just four kilometres from the Perth CBD.

The property comprises a full-line Coles supermarket and adjoining Liquorland across approximately 3,133sqm, supported by 151 on-grade car parks and exceptional triple street frontage of over 278 metres. Zoned ‘Activity Centre’, the site allows for multi-storey redevelopment subject to approval, enhancing its appeal to investors seeking future upside in a tightening metro market.

Positioned along the high-exposure Guildford Road, the centre benefits from over 10 million vehicles passing annually and is well-serviced by public transport, including proximity to Maylands train station. The surrounding catchment is dense and growing, with household food and liquor spending exceeding $248 million annually.

Coles pays outgoings on an attractive building and land lease including land tax, making this a highly passive investment backed by the supermarket giant. Net annual income is approximately $986,396, with the asset forming part of Burgess Rawson’s upcoming Portfolio Auction 178, to be held at the Sydney Opera House on 5 August.

“Assets of this scale, location and lease covenant are rarely offered, and we expect strong interest from investors nationally. With yields tightening across the board, high-performing metro investments like this are commanding significant attention,” Mr Mendis said.

With surging demand for metropolitan supermarket investments and a tightening supply pipeline, 246 Guildford Road presents as a strategic acquisition for a wide group investors of investors nationally.