LJ Hooker Commercial and Alliance Commercial are delighted to offer the freehold interest in the outstanding strip retail investment at 7 Jewel Way, Banksia Grove (Perth) WA
Underpinned by a weighted average lease expiry (by income) of over 4-years, the as-new building has recently been fully leased to eight individual tenants providing a secure and diversified income stream for the savvy investor.
The property is centrally located within the Banksia Grove Commercial precinct and benefits from exposure to neighbouring retailers Woolworths, Aldi, Coles, Nido Early School plus many more.
Key Investment Highlights
477.5sqm* of improvements on 1,542sqm* of land zoned for ‘Retail Core’.
Weighted Average Lease Expiry (by income) of 4.38 years.
Built in rental growth with 3% rental increases in 6 of 8 leases.
Secure lease profile with all leases having commenced in 2021.
Diverse range of tenants including Juice Bar, Hairdresser, Barber, Chiropractor, Spice Shop, Icecream Parlour, Gift Shop & Caf.
Banksia Grove a growing suburb with dwellings expected to increase by 21% by 2031.
7-minute drive from the entrance to the Mitchell Freeway with convenient access from major transport routes Joondalup Drive, Wanneroo Road & Burns Beach Road.
Net passing income of $201,324 plus GST.
To obtain a copy of the information memorandum, or to arrange an inspection, please contact the selling agents LJ Hooker Commercial or Alliance Commercial.