The burgeoning commercial and retail area of Myaree is fast becoming an attractive proposition for developers, with boutique residential property developer Match choosing it as the location for its first foray into commercial projects.
Match has begun construction of a 10,000 square metre bulky goods retail centre on a two-hectare site on the corner of Norma Road and Leach Highway, opposite the new Home Town bulky goods centre owned by Primewest Management.
Match managing director Lloyd Clark said the bulky goods building was a different style of project for the company, but it had followed a similar formula to its residential apartment projects by partnering with experienced industry consultants, this time with Harbour Town retail consultancy Metier Consulting.
The new development will have units ranging in size from 400sq m to 3,500sq m.
“We saw it as an excellent opportunity to diversify into the commercial market because it is one of the few remaining opportunities in the area for bulky goods retail space,” Mr Clark told WA Business News.
If the calibre of tenants at Home Town Melville is any indication, then Match has made the right move.
The 29,671sq m Home Town site has tenancies ranging between 315sq m to 6,000sq m, leased by big name retailers such as the Outdoor Furniture Specialists, Carpet Hotline, Officeworks and Capt’n Snooze.
Just down the road at Melville Square, neighbours Rebel Sport, Barbecues Galore, Forty Winks, Bed Shed and Kleenmaid are also jostling for passing buyer traffic along Leach Highway.
Anchoring the entire Myaree precinct is Bunnings Warehouse, located on the corner of Leach Highway and North Lake Road.
In addition to signing retail tenants for its Myaree project, Match are also on the look out for remaining retail tenants for its mixed-used Metropolitan development in Mount Lawley.
Two retail units of 100sq m in size are still available, in addition to a small 28sq m office space.
Another mixed-use residential and commercial project called the Clocktower on Beaufort Street, Inglewood has only 43sq m of commercial space left.
