Francisco Street
Asset Value
$25 million
NLA
1.3 hectares
Anchor Tenants
Hitachi Rail STS Australia, Revo Fitness
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 Hitachi Group since the buildings completion in 2007. The balance of the property, comprising approximately 20% of the NLA, is leased to Revo Fitness on an initial ten year lease from October 2024 with a further option to renew. Both leases include fixed annual rental increases, bank guarantee protection and capped market rental reviews at lease option exercise.