Transact Capital as the exclusive agent are pleased to present 19-21 William Street, Beckenham WA for sale via Offers to Purchase campaign closing 20 November 2020 – 2pm (AWST). This is rare and compelling opportunity to secure a blue chip fully leased large format retail investment in one of the best performing and crucial Large Format Retail precincts of WA.
Beckenham adjoins the Cannington suburb and is located approximately 13km south east of the Perth CBD and is a major hub and requirement for most national and local large format retail businesses. William Street is they key road that the national groups choose to locate within the precinct given its critical mass of the major retailers and the all directional access and egress that crucially benefits their customers unlike Albany Highway which is only “left in and left out”.
This property is strategically positioned in the Beckenham/Cannington Large Format Retail precinct. The premises adjoin the standalone BCF and is directly opposite Spotlight, Adair’s, Bedshed and Early Settler. Two major centres further underpin the rest of William Street both Primewest Cannington and Bulkyplex Cannington are east and west of the premises in proximity. Bulkyplex Cannington and Primewest Cannington provide occupancy for over 40,000 sqm of national and local, Large Format Retail and Retail businesses.
Large Format Retail assets such as 19-21 William Street are extremely sought after by astute investors and syndicators seeking a long-leased investment in a dominant and historically low vacancy precinct. We encourage your strong consideration of this opportunity and we look forward to assisting you with your enquiries.
19-21 William Street offers the following key attributes:
• Fully Leased Net Income: $480,000.00 pa + GST
• WALE by Income: 6.36 years
• Green title property with 4,756m2 of land area
• Large Showroom NLA of 2,275.1 sqm across two tenancies
• All directional access & egress to “William Street” and rear loading for tenants
• Leased to ASX listed retail group Beacon Lighting and national bedding retailer Forty Winks
• Exceptional Exposure to 19,639* passing cars daily (main roads data)
For further information, please contact Alex Gismondi 0413 134 311.