Showroom / Office with Warehouse plus enclosed yard area

Leased Investment – Long Standing Tenant 7%* Return on asking price with solid period remaining on Lease

Property Features:
> Strata Area: 532sqm
> Building Area: 391sqm
> Rear Yard area of 50sqm*
> 5 Allocated car bays
> Roller door access to warehouseor further parking (6th) bay
> Visitor parking onsite
> Fitted out in 2010
> Balance of 2 ½ years on Lease
> Tenant been in occupation since 2010
> Iconic Development “Balcatta Junction”
> Next to Bunnings Balcatta
> Signage & Exposure
> Ground Floor Property
> Approx. Net Returns 7%

LEASE DETAILS
Lease Term:
‘Option Exercised’
3 years
Commenced 1st September 2015
Expires 31st August 2018
Tenant has been in occupation since 1st Sept 2010 (served initial 5 year term)

Net Rental:
$64,641.31 p.a. plus GST

Outgoings:
$22,292 p.a. plus GST
Paid by Lessee

Guarantees
Personal Guarantees given

Rent Reviews:
Annually: The Greater of Market / Fixed 3% / CPI

FOR SALE: $925,000 (sold going concern for GST purposes)

For more information or to arrange a viewing please contact the sales agents.