Fronting prominently onto Albany Highway, 2 Page Road is a new commercial asset (Completed late 2020) with a WALE of approx 11.5 years, located in one of the fastest growing areas in Australia.
Occupying a prime corner at the intersection of Albany Highway and Page Road the property represents a unique opportunity to attain a secure income stream with fixed rental increases from an asset that services an established and rapidly growing demographic.
With an initial net income of $514,000 p.a, hosting Cuddles Childcare and the popular Revo Fitness Gym on long term leases, this investment offers tenant security with an overall WALE of 11.5 years with fixed rental growth and lots of potential.
Revo gyms have 10 locations and a significant membership at Kelmscott.
Cuddles Early learning & Childcare has 6 locations and after only a few months of operating at Kelmscott is well on the way to being full.
From a connectivity standpoint 2 Page Road is well placed as a direct throughway to Perth's centre via a range of transport linkages including the Kelmscott train station adjacent to the site.
The property is also within close proximity to a number of major retail outlets with Woolworths a few hundred metres away, Dan Murphy's and Stargate Shopping Centre opposite, and Coles and IGA X-Press within short walking distance.
Reinforcing the secure tenancy nature of this opportunity are the strong economic drivers of Western Australia in general, which is clearly the standout state economy post the onset of Covid-19, as well as the growth history and forecasts for the broader Armadale area, which currently rank in the 95th percentile within Australia.
Offers Invited (Going Concern)
For further information or to arrange an inspection please contact:
Ray White Commercial (WA)
Mobile: 0478 611 168
Mobile: 0412 934 694