Burgess Rawson is pleased to offer to the market Retravision & Ape Escape located at 6 The Gateway, Joondalup (Edgewater) WA 6027 for sale via Investment Portfolio Auction 173.

The property has the following investment highlights:

+ 7-year leases, with 5.1 years WALE, plus further 5-year options
+ Retravision: A leading electrical retailer with over 60 years of experience, operating 22 stores nationwide
+ Ape Escape: widely known children’s gymnastics & play centre
+ Landlord-favourable net leases, with tenants responsible for all outgoings
+ Strong rent review structures with a mix of CPI and fixed 3.5% annual rent increases
+ Immaculate 2,705sqm* building located in a highly sought-after and tightly held Large Format Retail precinct
+ Significant high profile 8,071sqm land holding fronting Joondalup Drive with exposure to over 31,000* vehicles passing daily (1)
+ Strategically located within major growth precinct, surrounded by key national tenants including Bunnings, Spotlight, Amart, Nick Scali, The Good Guys, and other prominent retailers
+ Joondalup: located in Perth’s thriving northern corridor and located only 26km* from the Perth CBD
+ Combined Net income: $525,717pa* + GST (as at Dec 2024)

To be sold by Investment Portfolio Auction: 
10:30am (AEDT) Wednesday 11 December 2024
Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson sales team for more information.

Chris Carcione 0415 393 082
Richard Giorgi 0468 697 093
Natalie Couper 0413 856 983

*Approx
1 GapMaps