Rockingham

Project Description

The property is located in the southern coastal suburb of Rockingham, 40 kilometres to the south of the Perth central business district and 25 kilometres to the south of Fremantle. The property is prominently located being diagonally opposite the intersection of Patterson Road and Ennis Avenue. These two roads form part of the major north-south highway through the south west corridor with approximately 35,000 vehicles a day passing through this intersection. Adjacent to the property on the south western alignment of Pedular Circuit is the 'Challenge Business Park' large format retail centre which includes tenants such as The Good Guys, Barbeques Galore, Bedshed, Tyrepower and Retra Vision. A store expansion was completed in October 2015 at a cost to the Trust of $4,600,000. On completion, Bunnings and the Trust entered into a new 12-year lease with 4 x 6 year options. Rockingham is at the midpoint of Perth's south west corridor. This corridor has been identified by planning authorities as an area of major urban growth over the next fifteen years. Rockingham has itself been designated as a major employment/commercial centre.

Land area

33,205 m²

The total GLA/retail area

15,188 m²

Lease Commencement Date

16/8/2000

Total Property Cost

$14,019,721

Current valuation

$34,700,000

Annual Rent

$2,084,199

Project Location

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