2/1 Fairywren Street, Banksia Grove WA 6031

NAI Harcourts Metro, as the exclusive selling agents, are pleased to present Unit 2, 1 Fairywren Street, Banksia Grove for sale.

Positioned within the modern Grandis Centre precinct, this ground floor commercial tenancy is leased to The Local Nook Pty Ltd on a new 7-year lease with a further 5-year option, providing investors with a secure income stream and fixed annual rental growth.

The property comprises approximately 70*m² of net lettable area and has been fitted out as a boutique wine bar, featuring a stylish service counter, customer seating areas, extensive glazing, timber-look flooring, display shelving and quality hospitality finishes throughout.

The lease commenced on 16 June 2026 and expires on 15 June 2033, with rental income commencing following an initial leasing incentive period. The tenant benefits from an approved Small Bar Licence, supporting long-term hospitality use.

Investment Highlights

• Net Rent: $44,500 + Outgoings + GST p.a.
• New 7-year lease expiring June 2033
• Further 5-year option
• Fixed 3% annual rental increases
• Market review at option
• Approximately 70*m² NLA
• Approved Small Bar Licence
• Modern 2021-built mixed-use centre
• Prominent corner location with excellent exposure
• Shared customer parking throughout the complex
• Strong surrounding residential catchment

Located in the heart of Banksia Grove, the property forms part of the well-established Grandis Centre and is surrounded by complementary occupiers including Grow Medical Group, Busy Bees Childcare, Grandis Dental and The Grove Church. The centre services a rapidly expanding residential community within one of Perth's established northern growth corridors.

With a modern hospitality fit-out, approved liquor licence and long-term lease profile, Unit 2, 1 Fairywren Street presents an attractive investment opportunity underpinned by a committed tenant and ongoing rental growth.

For further information or to arrange an inspection, please call Dylan Croll on 0401 835 454 or Tony Romano on 0407 388 139.

*All figures are approximate.