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.)