3/30 Erindale Road Balcatta WA 6021

Axia Corporate Property is pleased to present Unit 3, 30 Erindale Road, Balcatta for Sale by Offers to Purchase.

The arrival of the property to the market provides a superb opportunity to procure a well leased retail investment, with prominent main thoroughfare frontage and located within arguably one of Western Australia's most premier showroom/commercial precincts.

The offering comprise 166sqm* of predominantly open plan showroom accommodation.

Investment Highlights:
- Well established long term tenant for circa 19 years*
- Secure income stream with programmed rent reviews
- Highly regarded and established showroom precinct
- Prominent frontage and exposure
- Presentable and versatile improvements
- Tightly held area
- Flexible zoning allowing for a variety of uses
- Highly accessible with outstanding connectivity to major transport thoroughfares
- Abundant onsite parking

Zoning:
The City of Stirling notes the property is zoned 'Mixed Business' within the Gwelup Water Protection Special Control Area under their Local Planning Scheme 3. The zoning supports a variety of uses and proponents must make their own inquiry with the City of Stirling re proposed uses.

Tenancy Details:
Commencement Date - 1st November 2018
Expiry - 31st October 2023
Option Term Commencing - 1st November 2023^
Expiry - 31st October 2028
Current Passing Rental - $32,052.72 p.a.*
Reviews - Annual at CPI for Western Australia with next review 1st November 2023

^Tenant has advised they will be exercising their Option.

Statutory & Strata Outgoings (2022 - 2023):
City of Stirling Council Rates - $2,681.49
Water Corporation Services - $1,998.90
Strata Levies - $4,590.00

We are advised that the property does not attract Land Tax as it falls below the threshold level.

For further information, please contact exclusive selling agents.

*Approx.