Reiwa Reiwa
22/639 Beach Road, Warwick WA 6024

22/639 Beach Road, Warwick WA 6024

Contact Agent


Retail

Contact the agent

Andrew Woodley-Page

0438939869

Brett Wilkins

0478611168

Ray White Commercial (WA)


HOYTS Cinemas Warwick

RWC WA are excited to offer to the market HOYTS Cinemas Warwick, a strong performing cinema located in the Warwick Entertainment Precinct.

The property has excellent fundamentals sought by astute investors.

• High profile community precinct - Adjacent to the sub-regional Warwick Grove Shopping Centre, which attracts 4.6million visitors annually with a total trade area encompassing over 105,000 people.

• Community Interaction - Both the Entertainment Precinct and Warwick Grove precincts serve as the primary retail and entertainment destinations for the surrounding catchment, with strong cross-flow of foot traffic.

• Secure Income Stream - Leased to Australia's leading cinema operator HOYTS, providing a strong, defensive income profile with a $677,414 net income and annual rental growth mechanisms.

• Strong demographics of catchment - Household incomes in the catchment are approximately 10 - 15% above the Perth metropolitan average, a strong proportion of professional and dual-income households.

• Direct proximity to Warwick Grove Shopping Centre: Anchored by Woolworths, ALDI, Coles, Kmart, and over 80 specialty retailers, providing a high-volume retail catchment and cross-shopping benefits.

• Surrounding the HOYTS cinema complex are well-established food, beverage, and service operators such as McDonald's, Mochachos, Subway, Zambrero, Baskin-Robbins, Dome Café, Westpac Bank.

To discuss in more detail and to gain access to the Electronic Data Room (EDR) please contact the exclusive selling agents.

Andrew Woodley-Page
0438 939 869
[email protected]

Brett Wilkins
0478 611 168
[email protected]

Property features

  • Floor area 3,735m2
  • Tenure type Tenanted investment

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4960843