A multi-tenanted asset in Perth's Beckenham/Cannington large format retail precinct is on offer through Transact Capital.

Comprising a total floor area of 2,275.1 square metres on a 4,756 square metre site, 19-21 William Street, Beckenham is leased to Beacon Lighting and Forty Winks, which occupy spaces of 909.6 square metres and 1,635.5 square metres, respectively.

The premises, which comes with approximately 41 onsite parking spaces, has a significant frontage of 41 metres to William Street and adjoins the standalone BCF, while also being directly opposite Spotlight, Adair’s, Bedshed and Early Settler.

At a glance:

• A large format retail investment at 19-21 William Street, Beckenham is for sale through Alex Gismondi of Transact Capital. 
• The site is leased to Beacon Lighting and Forty Winks, which occupy spaces of 909.6 square metres and 1,635.5 square metres, respectively.
• There is a fully leased net income of $480,000.00 pa + GST and a WALE of 6.36 years by income.
• The property at 19-21 William Street, Beckenham is for sale via an Offers to Purchase campaign closing Friday, November 20 at 2pm (WST).

Source: Transact Capital

Selling agent Alex Gismondi of Transact Capital told WILLIAMS MEDIA the General Industry-zoned property provided the perfect blend between defensive passive income but also strong growth and upside.

"The property is underpinned by two national tenants in one of the best LFR precincts in Perth with strong fixed rental increases of 3 per cent and 4 per cent per annum for more than six years," he said. 

Source: Transact Capital

"The tenants are long-standing having recently renewed their leases and this is the greatest indicator of a strong performing asset to any sophisticated buyer.”

The property at 19-21 William Street, Beckenham is for sale via an Offers to Purchase campaign closing Friday, November 20 at 2pm (WST).

For more information, or a copy of the IM, email or phone Alex Gismondi via the details provided below.

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