24/257 Balcatta Road Balcatta WA 6021

Welcome to Unit 24/257 Balcatta Road, Balcatta...this great leased investment offers a fantastic opportunity for those astute investors looking for long term security in a great location. Situated in a tightly held sought-after location, this property offers convenience and accessibility. With easy access to major roads and transportation options, commuting to and from this property is a breeze.

Strata area: 587 sqm*

Lease details:
• Annual rent: $55,000pa plus Outgoings plus GST, condition in Lease for net rent to increase to $70,000per annum subject to a lift being installed.
* As of 23 December 2024: The lift installation has been approved by the strata company and its owners, now the seller is preparing to get a building permit approval for the construction of the lift from the City of Stirling.
• Lease term (subject to the above): 5 year term ending 9 October 2028 plus 5 year option.
• Security: 6 months Gross Rent

Property Features:
• Reception area, multiple offices, training rooms, board room and multiple kitchen areas
• New carpet and re-painted
• Lift access (TBC) owners are progressing with strata approval to install
• Street frontage with great signage opportunities

Asking Price: $1,100,000 (Going concern)

For more information or to arrange an inspection, please call Gavin Lilleyman on 0431 834 775.

* Please note that all measurements are approximate.