Realmark Commercial is pleased to announce the successful leasing of Unit 1, 488 Scarborough Beach Road, Osborne Park, located within the King Edward Commercial Centre.
Arguably one of the best and most iconic large format retail locations in Western Australia, the property has been leased to luxury bedding and homewares supplier - Bed Bath N' Table.
Surrounded by a great tenancy mix of businesses such as JB Hi-Fi, Snooze, De Rucci, Nick Scali, Godfreys, Dyson, Harvey Norman and Mercedes Benz, Bed Bath N' Table will be doubling their average footprint in this large-format retail store.
The deal was transacted by Executive Director, Mike Rowe and Sales and Leasing Associate, Fletcher Wolpers of Realmark Commercial. There are three other available tenancies for lease in King Edward Commercial Centre.
Mr Rowe said “Throughout the pandemic, we have seen a surge in demand for large format retail spaces as customers want to experience and see the products they are purchasing after researching online. Tenants such as Bed, Bath N’ Table have doubled their footprint to accommodate this trend and maximise the effectiveness of their stores nationally.”
Mr Wolpers said “Large-format centres are becoming harder to come by in Perth with the demand from customers becoming stronger for brick-and-mortar stores when purchasing big-ticket items. Prominent locations such as this site in Osborne Park are in high demand with excellent access in a prime industrial precinct, WA is certainly on the radar for retailers' footprints to expand with a booming economy.”
