Share this property

2 Page Road Kelmscott, WA 6111

Directions

2 Page Road,
Kelmscott, WA 6111

Other

Price information

Sale

$7.995M ("Going Concern")

Key property information

Land area

Floor area

Car spaces

Parking info

Zoning

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
    POWERED BY HERE ©
  • 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
    POWERED BY HERE ©
POWERED BY HERE ©

LONG WALE COMMERCIAL INVESTMENT

• Prominent Corner Location (Opp. Dan Murphy's)
• Completed June 2020 - Depreciation Benefits
• Approx. 11.5 Years WALE with Fixed Growth
• Strong Initial Income: $500k+ pa net

LOCATED IN ONE OF THE FASTEST GROWING AREAS IN AUSTRALIA

2 Page Road is a 2020 completed commercial asset, located in one of the fastest growing areas in Australia, almost fully leased at the time of practical completion. Occupying a prime corner at the intersection of Page Road and Albany Highway, the property represents a unique opportunity to attain a secure income stream with fixed rental escalators from an asset that services an established and rapidly growing demographic. With an initial net income of $514,000 pa 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 growth and potential.

The 1,552 sqm (NLA) asset comprises a multi tenanted single storey building hosting 3 separate yet complementary commercial uses upon a 4,470 sqm land parcel. Completed in June 2020 the property boasts generous exposure to its surrounding area, with 49 metres of direct frontage onto Albany Highway and a further 84 metres of dual aspect onto Page Road.

WHY PERTH?
• Best economic conditions and lowest Covid - 19 impacts in the nation
• Outperforming all states across total income and latest economic growth figures
• Strongest labour force data in Australia

WHY KELMSCOTT?
• Located in Perth's rapidly growing Armadale area
• Population growth of 79% between 2006 and the latest figures for 2019
• Forecast growth of another 60% by 2041

WHY 2 PAGE ROAD?
• Strong tenant covenants on long WALE with fixed growth
• Prominent setting within a tightly held commercial precinct
• Tenancies linked to the fastest growing sectors of Perth's economy

TENANTS
• Revo Fitness
• Cuddles Child Care
• Cafe / Restaurant / Medical (Currently Vacant

TITLE DETAILS
Lot 11 on Diagram 70025. Certificate of Title Volume 1730 Folio 159..

ZONING
'District Centre' under the City of Armadale Town Planning Scheme No. 4.

SALE
Asking Price $7,995,000 ("Going Concern").

CONTACT
For an Information Memorandum, or an inspection by appointment only, please contact:

JEFF BRADDOCK
0412 934 694 OR JBRADDOCK@BPGA.COM.AU

Property ID: 503796738Last Updated: 13 May 2021

0412 *** ***
realcommercial.com.au logo
2 Page Road
Kelmscott, WA 6111

Agency contacts

BPG Australia-Perth - NEDLANDS
Level 1, 43 Stirling Highway
NEDLANDS, WA 6009
View agency profile

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.
progress tick

Sending email...

Email enquiry

Send to:

Jeff Braddock
BPG Australia-Perth - NEDLANDS
2 Page Road Kelmscott, WA 6111

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call