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Ray White Commercial WA - PERTH

2 Page Road Kelmscott, WA 6111

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2 Page Road,
Kelmscott, WA 6111

Other • Medical & Consulting • Showrooms & Bulky Goods

Price information

Sale

$7,995,000

Key property information

Land area

Floor area

Tenure type

Private inspections

to arrange a private inspection.

Map of 2 Page Road

Directions
  • Train stations within 5 km of 2 Page Road, Kelmscott, WA 6111Distance
    Kelmscott Station346 m
    Challis Station1.9 km
    Seaforth Station2.9 km
    Sherwood Station3 km
    Gosnells Station4.2 km
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  • Bus stops within 5 km of 2 Page Road, Kelmscott, WA 6111Distance
    Albany Hwy After Page Rd96 m
    Albany Hwy After Turner Pl197 m
    Kelmscott Stn Stand 5258 m
    Albany Hwy - Kelmscott Stargate Shopping Ctr302 m
    Westfield Rd After Excalibur Cir314 m
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POWERED BY HERE ©

11.5 Year WALE

Fronting prominently onto Albany Highway, 2 Page Road is a new commercial asset (Completed late 2020) with a WALE of approx 11.5 years, located in one of the fastest growing areas in Australia.

Occupying a prime corner at the intersection of Albany Highway and Page Road the property represents a unique opportunity to attain a secure income stream with fixed rental increases from an asset that services an established and rapidly growing demographic.

With an initial net income of $514,000 p.a, hosting Cuddles Childcare and the popular Revo Fitness Gym on long term leases, this investment offers tenant security with an overall WALE of 11.5 years with fixed rental growth and lots of potential.
Revo gyms have 10 locations and a significant membership at Kelmscott.

Cuddles Early learning & Childcare has 6 locations and after only a few months of operating at Kelmscott is well on the way to being full.

From a connectivity standpoint 2 Page Road is well placed as a direct throughway to Perth's centre via a range of transport linkages including the Kelmscott train station adjacent to the site.

The property is also within close proximity to a number of major retail outlets with Woolworths a few hundred metres away, Dan Murphy's and Stargate Shopping Centre opposite, and Coles and IGA X-Press within short walking distance.

Reinforcing the secure tenancy nature of this opportunity are the strong economic drivers of Western Australia in general, which is clearly the standout state economy post the onset of Covid-19, as well as the growth history and forecasts for the broader Armadale area, which currently rank in the 95th percentile within Australia.

For Sale at $7,995,000 (Going Concern)

For further information or to arrange an inspection please contact:

Brett Wilkins
Ray White Commercial (WA)
Mobile: 0478 611 168
Email: brett.wilkins@raywhite.com

Jeff Braddock
BPG Australia
Mobile: 0412 934 694
Email: jbraddock@bpga.com.au

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Property ID: 503777342Last Updated: 4 May 2021

0478 *** ***
Ray White Commercial WA - PERTH
2 Page Road
Kelmscott, WA 6111

Ray White Commercial WA - PERTH

12-14 The Esplanade
PERTH, WA 6000

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Brett Wilkins

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Ray White Commercial WA - PERTH
2 Page Road Kelmscott, WA 6111

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