Search

Branch sales

BANKWEST’S branch on Bayview Terrace, Claremont as well as locations in Cannington and Victoria Park will be auctioned next month.

Each property is being sold on a lease-back basis with options. The Claremont and Cannington branches have guaranteed rental increases.

BankWest director property Ron Silvestri said the Claremont branch had generated a number of enthusiastic enquiries from public and private investors across Australia.

“These sales are part of the ongoing review of our property portfolio. They are an important step in a long-term program to ensure our accommodation planning fits the needs of the bank’s business growth and development,” Mr

Silvestri said.

Last year BankWest sold branches on a similar basis at 853 Hay Street in the Perth CBD, and in the Perth suburbs of Kalamunda, Leederville and Osborne Park. The Hay Street site sold for $3.54 million.

BankWest will take out a seven-year lease on the Claremont property with four five-year options.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer