Trophy Large Format Retail Asset Hits the Market in Booming Perth Corridor

Home to big brands in Perth’s North, Malaga Home Centre arrives to market individually or in one line offering flexibility for a wide range of buyers.

Colliers and Cygnet West are proud to present Malaga Home Centre for sale, a premium, modern Large Format Retail (LFR) asset located in one of Perth’s fastest-growing commercial corridors. This exceptional investment opportunity is available either individually or in one line, offering flexibility for a wide range of buyers.

Strategically positioned at 637-655, 673 and 670-688 Marshall Road, Malaga Home Centre comprises six freestanding buildings across three individually titled lots, with a total lettable area of 16,971m² on a substantial 43,279m² land holding. The Centre boasts over 600 metres of street frontage to Marshall Road and is supported by a highly accessible at-grade car park with 543 spaces, ensuring convenience for both tenants and customers.

The Centre is home to 16 LFR tenants and one specialty retailer, including nationally recognised brands such as Kitchen Warehouse, Beacon Lighting, Revo Fitness, Crocs, Better Pets & Garden, MCQ, and Beds 4 U. This strong tenancy mix is underpinned by a WALE of 4.10 years by income, with over 95% of income and GLA secured by national, chain, or ASX-listed retailers, providing a secure and stable income stream.

Completed over stages between 2012 and 2015, the Centre offers significant depreciation benefits, enhancing its appeal as a tax-effective investment.

Colliers State Chief Executive, Western Australia, Richard Cash said “The City of Swan is one of WA’s fastest-growing regions, with the population forecast to grow from 177,823 to 300,000 by 2050. The nearby Urban Growth Corridor, including Brabham, Dayton, and Bennett Springs, is expected to drive strong future demand for retail amenities.”

Malaga Home Centre is located within the City of Swan’s established industrial and LFR precinct, approximately 12 kilometres north of the Perth CBD. The area is a key employment and business hub, supporting over 3,000 businesses and 15,000 jobs. Connectivity has been further enhanced by the recent opening of the Ballajura Station (formerly Malaga Station) as part of the METRONET project, located less than 2 kilometres from the Centre.

Colliers Head of Retail Middle Markets, Australia, James Wilson commented “The Large Format Retail Sector has been one of the strongest performing retail sub sectors. Sophisticated private and institutional capital have been targetting the sector given centres are located on large strategic metroplitan sites, are underpinned by high profile national covenants and feature leases with fixed annual rental reviews’’.

The site also benefits from rare Shop Retail zoning (1,500m²) alongside “Highway Service” and Industrial zoning, allowing for a broad range of permitted uses.

Cygnet West Commercial Agency Partner, Wayne Lawrence said “with less than 2,000m² of showroom space advertised for lease in the entire Malaga area and very limited future development opportunities left, the average rents in the centre at $200 per m² seem cheap.”

This outstanding opportunity is being offered via an Expressions of Interest (EOI) campaign, closing at 2:00pm (AWST) on Thursday, 26 June 2025.