Banksia Grove, WA
300 Joseph Banks Boulevard
- Acquisition Date: 2019
- Type: Mixed use
- Key Tenants: 7-Eleven, MercyCare ELC, Petbarn, Repco
- Trust: MPF Banksia Grove Property Fund
- Investor Returns: 7.5% p.a.
This property is a brand new, mixed use development including a service station, childcare centre, large format retail and fast food outlets. Banksia Grove is a new suburb in Perth's north-eastern residential growth corridor, and has a well established population in the primary trade area. The centre has a strong tenancy mix, a weighted average lease expiry (by income) of over 11 years and will provide investors with stable and secure income.