Francisco Street
Asset Value
$25 million
NLA
1.3 hectares
Heritage Architect
Griffiths Architects
Anchor Tenants
Hitachi Rail STS Australia, JSA Sports Academy
A modern office and warehouse situated on a 1.3 hectare landholding in the Belmont Business Park, close to Perth CBD, Perth Airport and major arterial connections.
The property has been anchored by Hitachi Rail STS Australia, a subsidiary of the global Hitactchi Group since the buildings completion in 2007. The balance of the property, comprising approximately 20% of the NLA, is leased to JSA Sports Academy on an initial seven year lease from November 2018 with a further three year option. Both leases include fixed annual rental increases, bank guarantee protection and capped market rental reviews at lease option exercise.