LARGE FORMAT RETAIL OPPORTUNITY IN HALLS HEAD WA
The Halls Head Commercial Centre is a new large format retail development within a well-established retail and trade precinct.
Located in the Western Australian suburb of Halls Head, the development is set to complement and enhance what’s already become a prime retail destination for the region.
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THE CENTRE OF THE ACTION
Part of the City of Mandurah municipality, the Halls Head Commercial Centre is approximately 68km south of the Perth CBD, and 2.5km south-west of the Mandurah CBD.
Located in an active retail and trade precinct, the new commercial centre will extend the current retail offerings in this growing region.
Zoned mixed business to accommodate a wide range of retailers, the development includes two buildings of approximately 9,200sqm and more than 230 car bays.
Bound by major roads, the Halls Head Commercial Centre offers an excellent exposure opportunity with 15,000+ vehicles per day passing by the premise and 50,000+ vehicles per day on nearby Mandurah Road.
Perfectly positioned, the Halls Head Commercial Centre is being developed to meet the growing needs of the area.
The new development will likely attract a mix of tenants from local, state and national retailers looking to upgrade or establish a presence in this fast growing region.
CO-LOCATE WITH ESTABLISHED COMMERCIAL RETAILERS IN A GROWING REGION
Situated next to the established Halls Head Central Shopping Centre, the site is surrounded by national brands including Bunnings, Coles, Kmart, Aldi and a number of speciality retailers.
It’s also adjacent to a large established residential catchment providing residents with a one-stop shopping and retail destination.
About the Halls Head Region
The City of Mandurah, including Halls Head, has generated sound population growth and extensive new residential development in recent years. This growth has been aided by affordable housing in the area, its coastal lifestyle and good transport connections to the Perth CBD, including the Kwinana Freeway and metropolitan railway line.
The Halls Head Commercial Centre is expected to draw patronage from its immediate and surrounding areas.
With major anchor tenants Bunnings, Coles, Kmart and Aldi located next door, the Halls Head Commercial Centre will enable the retail precinct to grow, support and benefit from one another.
It will also provide a convenient marketplace, improved price point competitiveness on goods and services between retailers and offer a significant economic investment and development opportunity for private investors.
In 2016 the population in the total trade area was 47,140 people and will increase by 1% per annum to reach 62,000 residents by 2036.
Some 72% of households in the total trade area are families. Of these 24% are young suburban families and 10.3% are mature families with good disposable incomes.
In 2016, the total expenditure on large format retail from the main trade area was $174.1 million and will increase by 49% to $259 million by 2031.
The current dominant spend categories are furniture, flooring, hardware and electrical which together account for more than 68% of the aggregate residential spend.
Halls Head Economic Fast Facts
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About the developer
Disclaimer: Cape Bouvard have made every effort to ensure an accurate lot plan and information has been produced. However, under some circumstances dimensions may be subject to survey and change. The particulars in this brochure are supplied for information purposes only and the Vendor, its staff and agents accept no responsibility for the accuracy thereof. The appropriate authorities should be consulted for information concerning any service which may be contained within any lot and any building restrictions which may apply. The landscaping and images depicted is indicative only and is subject to local authority approval.
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