Joondalup

Project Description

The property is located in the residential suburb of Edgewater, approximately 23 kilometres north west of the Perth central business district and three kilometres south of Joondalup City. Access to the property is via the nearby Mitchell Freeway, Ocean Reef Road and Joondalup Drive. Automotive Holdings Group occupy the property after the lease was assigned from Bunnings in October 2015. Services and amenities already located within the Joondalup central business district include the Lakeside Joondalup Shopping Centre, City of Wanneroo offices, Wanneroo Hospital, Joondalup TAFE Campus, Edith Cowan University and several State and Commonwealth Government instrumentalities including LandCorp and the Water Authority of Western Australia. The Edgewater train station is located within close proximity to the north of the property. The growth of Joondalup as a satellite city will also be underpinned by the continued expansion of the north-west corridor coastal suburbs. This growth has made the City of Wanneroo one of the fastest growing municipalities in Australia in recent years.

Land area

25,380 m²

The total GLA/retail area

13,358 m²

Lease Commencement Date

24/9/1998

Total Property Cost

$8,913,275

Current valuation

$14,800,000

Annual Rent

$1,523,740

Project Location

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