10083454.full
 
Price Guide Sold
Western Australia 08 6444 7200
 
 
 
Agent Matthew Edwards
0402 515 251
391 sqm 0 Car Spaces

4/199 Balcatta Road, BALCATTA, 6021, Western Australia

Showroom / Office with Warehouse plus enclosed yard area

Leased Investment Long Standing Tenant 7%* Return on asking price with solid period remaining on Lease

Property Features:

> Strata Area: 532sqm

> Building Area: 391sqm

> Rear Yard area of 50sqm*

> 5 Allocated car bays

> Roller door access to warehouseor further parking (6th) bay

> Visitor parking onsite

> Fitted out in 2010

> Balance of 2 years on Lease

> Tenant been in occupation since 2010

> Iconic Development Balcatta Junction

> Next to Bunnings Balcatta

> Signage & Exposure

> Ground Floor Property

> Approx. Net Returns 7%

LEASE DETAILS

Lease Term:

Option Exercised’

3 years

Commenced 1st September 2015

Expires 31st August 2018

Tenant has been in occupation since 1st Sept 2010 (served initial 5 year term)

Net Rental:

$64,641.31 p.a. plus GST

Outgoings:

$22,292 p.a. plus GST

Paid by Lessee

Guarantees

Personal Guarantees given

Rent Reviews:

Annually: The Greater of Market / Fixed 3% / CPI

FOR SALE: $925,000 (sold going concern for GST purposes)

For more information or to arrange a viewing please contact the sales agents.

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