News

SOLD | $7,800,000 | 19-21 William Street, Beckenham WA

November 2020

Alex Gismondi, as the exclusive agent is pleased to announce the sale of 19-21 William Street, Beckenham WA on behalf of its valued client Mair Property Funds.

Large Format Retail assets such as 19-21 William Street are extremely sought after by astute investors & syndicators seeking a long-leased investment in a dominant & historically low vacancy precinct.

Our Managing Director, Alex Gismondi said “The sale represented an extremely tight yield & further reinforces the forecasted compression in yield for quality assets whilst in a low interest rate environment with strong expectations of local economic growth in the short to medium term”

19-21 William Street offers the following key attributes:

• 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
• Leased to ASX listed retail group Beacon Lighting & national bedding retailer Forty Winks

To find out more about this sale or to discuss other opportunities please contact Alex Gismondi.

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