Lease Equity are pleased to offer 188 The Esplanade for sale via offers to purchase.
The property enjoys an absolute waterfront location below CeVue luxury apartments, surrounded by abundance and convenience, along Scarborough's prime entertainment precinct.
Scarborough is home to one of Perth's most iconic beaches and is a mecca for locals and tourists alike. Above the property are 74 residential apartments and an estimated $500 million worth of incoming apartments both under construction and approved for the area. This is in addition to the 1,000+ apartments and 300+ hotel rooms in Scarborough, complemented by a growing population of over 18,000 residents.
Grill'd have 166 stores throughout Australia with revenue approaching $400 million. They have been in occupation for more than 10 years (since 2012) with a further nine years remaining on the lease, offering a secure and consistent income stream for potential investors within the highly sought after beachside location.
With 376m2 of retail space, this location benefits from an abundance of surrounding parking and bustling foot traffic from residents and visitors to the area.