Burgess Rawson are pleased to present to the market for sale, 5 Corbusier Place, Balcatta. This generational industrial asset has been occupied by Seamers Sports for decades operating as an indoor cricket centre. The property comprises of approx. 1,545sqm of gross building area residing on 3,133sqm of industry zoned land. The property has 28 onsite parking bays and would suite a variety of purchasers including investors, landbank holders and future developers or occupiers.
The property represents a rare opportunity to acquire a substantial parcel of land in the otherwise tightly held Balcatta industrial precinct with income, a functional building and ample onsite parking.
Features
Leased to long standing single tenant trading as Seamers Sports
Substantial 3,133sqm parcel of industrial land
Gross building area of approx. 1,545sqm
28 onsite parking bays
Operated as an indoor cricket centre for many decades
Net income of $164,000 pa as of 1st January 2025
7 year lease expiring on the 28th February 2028
Annual CPI increases with market reviews at the terms
Options until 2042
Zoned 'Industry' under the City of Stirling Local Planning Scheme No. 3.
Generational asset with rental upside
Outstanding access to key arterial thoroughfares including the Mitchell Freeway
Location
The property is ideally located within highly sought Balcatta and is just;
- 240 metres* from Balcatta road
- 600 metres* from Erindale Road
- 950 metres* from Reid Highway
- 1.5km* from Wanneroo Road
- 1.9km* to Mitchell Freeway
- 12.1km* to Perth CBD
Zoning
The property is zoned 'Industry' according to the City of Stirling Local Planning Scheme No. 3.
Improvements
The improvements comprise approximately 1,545sqm of gross building area. The building is constructed of brick and iron and has several roller doors. There are two main warehouse areas that are internally connected.
Legal Description
The property is described as Lot 53 on Diagram 44868 Volume 1359 Folio 377.
Sales Process
The property will be sold as a Going Concern with offers closing at 2pm on the 4th December 2024.
The Seller reserves the right to sell the property prior to the close of the campaign.
For further information please contact the exclusive selling agents Luke Randazzo on 0417 181 309 & Ben Flanagan on 0405 929 167.
