5 Corbusier Place, Balcatta WA 6021

A Balcatta Icon – Leased Asset on Substantial Land Holding

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 suit 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 Seamer 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 (AWST) 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.