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Overview
Bannister Road Income Trust
Located within the core of the Canning Vale Industrial Estate, one of metropolitan Perth’s leading industrial suburbs, this property offers well-presented showroom accommodation. The site, formerly a distribution centre, spans approximately 1.43 hectares and has been transformed to provide over 5,900 square metres of showroom space.
The property is leased to three prominent big box retailers, including Stratco, which serves as the anchor tenant. At settlement in September 2021, a newly executed five-year lease was established with Stratco WA Pty Ltd, alongside long-term leases to Aquasport Marine and Industrial Power Tool Services. This diverse tenant mix provides a blend of local and national exposure.
Refurbished to its current format in 2012, the property was acquired in 2021 as a going concern, primarily to deliver steady and recurring income for unit holders. Investors hold their interests as unit holders of a single-asset unit trust, with distributions paid quarterly.
The property’s strategic location within a highly regarded industrial precinct ensures strong demand and accessibility. The showroom accommodation is designed to meet the needs of retail and industrial tenants, offering functional and flexible space suitable for a range of commercial uses.
With a solid tenant base and a well-maintained facility, this asset represents a stable investment opportunity within the retail commercial sector. The property’s size and configuration support multiple tenants, enhancing income diversification and reducing vacancy risk.
Overall, this asset combines a prime location, quality showroom accommodation, and a reliable tenant mix, making it an attractive proposition for investors seeking exposure to the industrial retail market in Perth.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Canning Vale WA 6155
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 5900 m² |
Market Insights for Canning Vale WA 6155
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