<b>The Retail Market</b><br><br>Kalamunda, located in Western Australia, hosts a diverse retail sector that caters to the needs of its residents and visitors. The town features a variety of businesses, including hardware stores, home cleaning services, jewelry stores, landscaping and landscape design firms, laundromats, lawn mower shops and repair services, lawn mowing services, legal services, locksmiths, massage therapy centers, automotive mechanics, newsagents, optometrists, painters and decorators, panel beaters and painters, pest control services, pet shops, physiotherapists, and plasterers. <br><br>The retail landscape is anchored by shopping centers such as Centro Kalamunda and Kalamunda Central Shopping Centre, which house numerous specialty stores and service providers. <br><br>In terms of development density, Kalamunda has implemented dual density codes to manage residential growth strategically around town centers and other focal areas. This approach aims to balance development with the preservation of the area's character. <br><br>The city's Local Housing Strategy supports increased infill development, particularly in areas like Forrestfield, Maida Vale, High Wycombe, and Kalamunda, providing significant opportunities for higher density residential projects. <br><br>This strategic planning facilitates a sustainable increase in population density, which in turn supports the vitality and growth of the local retail market. <br><br><b>Lifestyle &amp; Population</b><br><br>Kalamunda has experienced steady population growth in recent years. According to the Australian Bureau of Statistics, the Estimated Resident Population increased from 59,201 in 2016 to 60,804 in 2021, and further to 62,670 by June 2023. <br><br>The suburb offers a lifestyle that balances natural beauty with modern amenities. Residents enjoy numerous parks and reserves, such as the Kalamunda Water Park, and have access to shopping centers, medical facilities, and schools. The opening of the Kalamunda Community Centre in March 2021 has further enhanced community engagement, offering various activity rooms and halls for local events and classes. <br><br>Looking ahead, the City of Kalamunda has developed population forecasts to plan for future demand, with projections available up to 2036<br>

<b>1) Liquorland Kalamunda</b><br><br>Welcome to Liquorland, your premier destination for a wide selection of quality beverages. Our Liquorland Kalamunda location is committed to offering an extensive range of wines, beers, spirits, and more. We take pride in providing top-notch customer service, and our knowledgeable staff are here to assist you in finding the perfect beverage for any occasion. <br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.liquorland.com.au/"><u>https://www.liquorland.com.au/</u></a><br><br><b>2) Quik Kleen Dry Cleaners</b><br><br>Quik Kleen offers same day service on general apparel unless there is soil treatment required. We have the most advanced equipment and technical expertise to look after your daily wear.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.quikkleen.com.au/"><u>https://www.quikkleen.com.au/</u></a><br><br><b>3) Old Mates Cafe</b><br><br>We are a 7 day cafe which take the utmost pride in food, service and especially COFFEE!<br><br><b>4) Building Friendships</b><br><br>Based in the Perth Hills, Building Friendships is an enthusiastic team, passionate about caring for people with a disability. We strive by our commitment to our core values. We work towards client’s individual goals, needs and strengths, ensuring our clients of a positive outcome.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.buildingfriendships.com.au/"><u>https://www.buildingfriendships.com.au/</u></a><br><br><b>5) Professionals Kalamunda Properties</b><br><br>At Professionals we have been helping people realise their property dreams for over 35 years and have built a reputation as trustworthy, community focussed, results driven real estate professionals.<br><br>Professionals is one of the most recognisable real estate brands in Australasia. <br><br>Kalamunda Properties was established as a boutique real estate agency in 1994, joining the Professionals Real Estate Group in 1996. Several years later, Professionals Kalamunda Properties purchased the property management division of the then, long established business of Hills Estate Agency and combined the two entities in the one location where we are today in one of Kalamunda’s most prominent and highly visible office locations at 38 Haynes Street, Kalamunda on the corner of Canning Road.<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.kalamundaproperties.com.au/"><u>https://www.kalamundaproperties.com.au/</u></a><br>

Under the leases all outgoings are recoverable, except the management fees of U1 (Liquorland) and U3 (Café) as these are on retail leases.

Subject Property: 1/38 Haynes Street, Kalamunda – 291.8m2 - $346/m2 (liquor shop) 2/38 Haynes Street, Kalamunda – 72.2m2 - $372/m2 (laundry shop) 3/38 Haynes Street, Kalamunda – 124.3m2 - $396/m2 (café) 4/38 Haynes Street, Kalamunda – 210.4m2 - $167/m2 (office) 5/38 Haynes Street, Kalamunda – 106.7m2 - $330/m2 (office) Rental Comparable: 7/1341 Albany Highway, Cannington – 56m2 - $500/m2 (shop) 6/9 The Avenue, Midland – 141m2 - $353/m2 (office) 3/23 Haynes Street, Kalamunda – 46m2 - $280/m2 (office) 1/26 The Crescent, Midland – 111m2 - $477/m2 (café) 171 James Street, Suth Guildford – 60m2 - $583/m2 (café)

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