The Coffee Club will open in Fremantle, motorcyle retailer Monza Imports in Bibra Lake, and Rockingham-based building products firm EnduraClad will move to Henderson, under three separate leasing deals announced by agencies Burgess Rawson and Knight Frank.
The Coffee Club's Fremantle outlet will be its 30th franchise in Western Australia, according to the Business News Book of Lists, with the coffee shop signing a 10-year lease on Fremantle’s Market Street in a deal brokered by Burgess Rawson.
The building was previously home to tapas restaurant Deca Bodega, which took up the lease after surfwear retailer X-Treme Surf relocated early this year.
Other than the 10-year term, no commercial details of the Coffee Club lease were disclosed.
Earlier this year, Mr Bennett also brokered a deal for burger chain Grill’d Healthy Burgers to open on South Terrace.
Mr Bennett said the two deals, as well as the recent opening of 7-Eleven, also on Market Street, showed substantial demand from major retailers to open in Fremantle, if they can get the right location.
“With the current plans to revitalise the area, there will be further demand in the future,” he said.
Industrial lease deals
Commercial agency Knight Frank has closed the deal on two large industrial properties, in Bibra Lake and Henderson, respectively.
In Bibra Lake, Knight Frank said motorcycle and bicycle retailer Monza Imports had signed a five-year lease at $190,000 per year on an 1,806sqm office warehouse on Hathor Way.
Monza Imports is set to move into this office/warehouse in Bibra Lake.
At the same time, the agency said it had brokered a deal for building products manufacturer EnduraClad to relocate from Rockingham to Henderson, on a five-year lease at $210,000 per annum.
The 4,000sqm Henderson property comprises a 1,900sqm office/workshop on Roscoe Street, including a 10-tonne gantry crane.
Knight Frank associate director of industrial property, Scott Bailey, said industrial leasing markets were currently a challenging proposition, but both Bibra Lake and Henderson had solid fundamentals.
“Both of these suburbs have a strong link to the resources sector, but they have also become home to a growing number of logistics, transport and manufacturing companies and this has added to their appeal,” Mr Bailey said.
“They will continue to be strong performers for the right mix of landlords and tenants and we have been matching them very successfully in this tough market.”
EnduraClad will move from its Rockingham base to this Henderson office/workshop.
Subi warehouse for sale
An office/warehouse property on Subiaco’s York Street has hit the market, with Knight Frank appointed to run an offers to purchase campaign.
The 379 square metre property is located at 151 York Street, while Knight Frank managing director John Corbett said the site would suit an owner-occupier looking for a near-city base or a developer keen to capitalise on its location.
Mr Corbett said there was significant redevelopment potential on the site, which boasts a 1:5 plot ratio and is zoned for residential, retail, commercial or mixed-use.
“Subiaco continues to attract strong interest from local investors and this particular precinct will undergo significant changes with the closing of PMH and potential redevelopment of Patersons Stadium,” he said.
Offers to purchase close December 17.
Knight Frank says the office/warehouse property is ideally located.