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15 Sundew Rise, Joondalup

Overview

Address 15 Sundew Rise, Joondalup
Region Metro North
Net Passing Income $432,940.56 per annum plus GST (approx.)
Major Tenant JB Hi-Fi Home
Asking Price Contact the Agent
Zoning "Central City Area" under the Joondalup City Centre Development Plan and Manual
Public Auction SOLD

Description

Vend Property is excited to offer 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

  1. Freestanding JB Hi-Fi Home Showroom
  2. Land Area: 3,609 square metres 
  3. 12 year lease to JB Hi-Fi Group Ltd (ASX:JBH)
  4. Gross Lettable Area: 1,792.8 square metres 
  5. Recently Built 
  6. Guaranteed Growth: Annual Fixed 3.5% increases
  7. Net Passing Income: $432,940.56 pa plus GST* (*approx.)

15 Sundew Rise, Joondalup