SOLD!, 15 Sundew Rise,
Joondalup, WA 6027

Showrooms & Large Format Retail

Price information

Sold

$7,500,000

Key property information

Land area

Floor area

Car spaces

Parking info

Property extent

Zoning

Tenure type

Sold on

Map of SOLD!, 15 Sundew Rise

Directions

FREESTANDING SHOWROOM WITH ASX LISTED RETAILER

12 year lease to JB Hi-Fi Group
Guaranteed Growth: Annual 3.5% increases
Net Passing Income: $432,940.56 pa

15 Sundew Rise, Joondalup comprises of a freestanding building, recently completed in 2015. Located on a corner site with a twelve (12) year lease to an ASX listed international retailer, JB Hi-Fi Home, this retail investment is a fantastic opportunity for investors.

The subject property is located 25 kilometres north of the Perth CBD in the fast-growing suburb of Joondalup. The Joondalup Large Format Retail precinct is the fourth (4th) largest in Australia by gross lettable area.

Key Investment Considerations:

- Freestanding JB Hi-Fi Home Showroom
- Prominent corner location (opposite Bunnings)
- 12 year Lease to JB Hi-Fi Group Ltd (ASX:JBH)
- Recently built
- Guaranteed Growth: Annual Fixed 3.5% increases
- Land Area: 3,609 square metres

Property ID: 502435458Last Updated: 10 Jul 2019

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