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

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Map of SOLD!, 15 Sundew Rise

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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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