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.
• 1 July: Please note that the lift application is currently with the with strata company, pending approval which is being paid for by the Seller and another party.
• 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.
This commercial property at 24/257 Balcatta Road, Balcatta is listed for sale by Gavin Lilleyman at SVN Commercial.
It has been described by the agent as ‘Leased Investment’.
If you would like to get in touch with Gavin Lilleyman regarding 24/257 Balcatta Road, Balcatta, please call 0431 834 775 or contact the agent via email.