381-385 Williamstown Road, Yarraville, Vic 3013

Savills Retail Investments is delighted to present for sale Western Gateway Centre, a generational investment opportunity and the first Large Format Retail Centre to be offered in Metropolitan Melbourne in 2025. 

Situated on a large main road landholding in Yarraville, this exceptional, fully leased centre is anchored by a strong tenancy mix of national retailers including the ASX-listed Officeworks Limited.

Key attributes of the property include:

•	Trophy retail investment with significant ‘value-add’ potential and short-term rental reversion
•	Rare opportunity to secure a well-established retail centre well below replacement value
•	Securely underpinned and anchored by Officeworks, a subsidiary of ASX-listed Wesfarmers Limited (Market Cap: $93 billion)
•	Highly sought-after ‘net’ lease to Officeworks allowing full recovery of all outgoings, including Land Tax
•	Additional income potential from EV charging station and rooftop signage
•	Outstanding exposure to 180,000 daily vehicles via 84m frontage to Williamstown Road and high visibility from the West Gate Freeway
•	Substantial corner landholding of 6,325* sqm with premium underlying land value
•	Fully leased centre with a total GLA of 2,897* sqm
•	Ample at-grade car parking for 70 vehicles
•	Irreplaceable City Fringe landholding only 7kms from Melbourne’s CBD
•	Estimated Net Income: $835,485 p.a. (at Dec 25’)                                                                                                                                  

*Approximate

For Sale by Expressions of Interest closing Thursday 28th August at 4pm (AEST).

For further information please contact:

Rick Silberman - 0432 831 511 
Stephen Bolton - 0419 323 997