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