Spotlight sale ahead of Anaconda move

THE site of Western Australia’s first Anaconda concept store, due to open next year at Edgewater, is to be sold by Becton Investment Management as part of a previous Glenmont syndicate wind-up. Australia-wide retail chain Spotlight, which has a lease of the property until 2010, is currently renovating the single level showroom/bulky goods development ahead of the WA launch of its new concept brand Anaconda, which retails outdoor/adventure/leisure products. Selling agent Miles Rowe from Savills said the premises would be re-branded externally and internally and was expected to create significant interest in the growing market sector. The property, constructed in 1997 and with a lettable area of 2,700 square metres and 112 car-parking spaces, is leased for $321,817 a year from December 2005 and enjoys a prominent, high exposure position, fronting Joondalup Drive.

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