SOLD
Sold on 11 Apr 2024 for $10,000,000

25 Johnston Street
Collie WA 6225

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 4507m2
Land area: 6164m2
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Property Details for 25 Johnston St, Collie

Building Type
Commercial
Year Built
1989
Floor Size
4507m2
Land Size
6164m2
Local Government
Collie
Lot/Plan
11/D074377

Last Listing description (October 2023)

JLL and Lease Equity are pleased to offer for sale Collie Central Shopping Centre, 25 Johnston Street, Collie.

Collie Central Shopping Centre is situated in the heart of the thriving south-west town of Collie.

The centre offers the only enclosed mall retail experience in the town, delivering year-round shopping comfort and convenience.

Collie Central is anchored by a strong performing Woolworths supermarket supported by seven specialty stores including national tenants OPSM, TerryWhite Chemmart, Liquorland and the Commonwealth Government.

Situated 185km* south of Perth and 60km* east of Bunbury, the town of Collie itself has been designated as a growing "Super Town" by the WA State Government.

This community benefits from a dynamic and evolving economy supported by mining, green energy, emerging industries and agriculture; plus a booming tourism industry underpinned by mountain biking, hiking and motorsport.

Long standing Woolworths supermarket anchor operating since 2005
$446k* in capex since 2016 including new roof-top solar, air-conditioning system, carpark lighting and security system
Strong core specialty tenant retention of over 10 years including Liquorland, OPSM, TerryWhite Chemmart, Boulevard Cafe and Under The Sun Gifts.
Fully leased net income of $866,994 p.a.*
Attractive depreciation benefits, including additional
tax allowances from Capital Works in recent years
Only enclosed and air-conditioned mall in Collie
72%* of GLAR underpinned by Woolworths and over
83%* underpinned by national tenants
Expansive 1.16ha* site with 140* onsite car bays and additional development potential
*Approx

For Sale by Expressions of Interest closing at 2pm (AWST) Wednesday, 22nd November 2023

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Property History for 25 Johnston St, Collie, WA 6225

A timeline of how this property has performed in the market
Last Sold
$10,000,000
11 Apr 2024
  • 11 Apr 2024
    Sold for $10,000,000
  • 25 Oct 2023
    Listed for Sale Contact Agent
  • 04 Feb 2016
    Sold for $6,800,000
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About Collie 6225

The size of Collie is approximately 53.4 square kilometres. It has 25 parks covering nearly 43.6% of total area. The population of Collie in 2011 was 7,962 people. By 2016 the population was 7,578 showing a population decline of 4.8% in the area during that time. The predominant age group in Collie is 60-69 years. Households in Collie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Collie work in a trades occupation. In 2011, 73.4% of the homes in Collie were owner-occupied compared with 71.8% in 2016.

Collie has 4,343 properties. Over the last 5 years, Houses in Collie have seen a 146.02% increase in median value, while Units have seen a 98.17% increase. As at 30 November 2024:

  • The median value for Houses in Collie is $375,754 while the median value for Units is $271,419.
  • Houses have a median rent of $490 while Units have a median rent of $320.
There are currently 51 properties listed for sale, and 2 properties listed for rent in Collie on OnTheHouse. According to CoreLogic's data, 253 properties were sold in the past 12 months in Collie.

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