The Village Margaret River shopping centre.

The Village Margaret River on the market

Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market.

The centre is anchored by a 3,800sqm Woolworths with other tenants including Red Dot, Just Jeans, Plus Fitness and BWS.

The total site area is 7,233sqm and includes undercroft parking for 204 cars.

The neighbourhood centre, on the corner of Town View Terrace and Wilmott Avenue, has a fully leased net income of $1.55 million and its anchor lease to ASX-listed Woolworths runs until 2034 with four renewal options. It has a fully leased net income of $1.55 million.

Sirona Capital’s website states The Village at Margs has a project value of $22 million.

Colliers International retail Iinvestment services director, Ben Tana, said Woolworths had achieved compound growth in turnover of more than 10 per cent per annum since the centre opened in 2013.

Expressions of interest for The Village at Margaret River close on October 11.

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Total combined value of current WA projects

4th↑Iris Residential390,000,000
5th↑Norup + Wilson300,000,000
6th↓Sirona Capital270,000,000
7th↓Finbar GroupNFP
8th-Fragrance Group200,000,000
51 property - (built-form) developers ranked by total value of WA projects currently under construction ($)

Ranked by size of total area under management

33rd-Greenwood Village5,195
34th↑FJM Equities4,768
35th↓Sirona CapitalNFP
37th-North Perth Plaza4,200
44 shopping centre owners ranked by size of total area in m2

Number of Employees

Property - (Built-form) Developers