Axia Corporate Property is pleased to present Unit 3, 30 Erindale Road, Balcatta for Sale by Offers to Purchase.

The arrival of the property to the market provides a superb opportunity to procure a well leased retail investment, with prominent main thoroughfare frontage and located within arguably one of Western Australia's most premier showroom/commercial precincts.

The offering comprise 166sqm* of predominantly open plan showroom accommodation.

Investment Highlights:
- Well established long term tenant for circa 19 years*
- Secure income stream with programmed rent reviews
- Highly regarded and established showroom precinct
- Prominent frontage and exposure
- Presentable and versatile improvements
- Tightly held area
- Flexible zoning allowing for a variety of uses
- Highly accessible with outstanding connectivity to major transport thoroughfares
- Abundant onsite parking

Zoning:
The City of Stirling notes the property is zoned 'Mixed Business' within the Gwelup Water Protection Special Control Area under their Local Planning Scheme 3. The zoning supports a variety of uses and proponents must make their own inquiry with the City of Stirling re proposed uses.

Tenancy Details:
Commencement Date - 1st November 2018
Expiry - 31st October 2023
Option Term Commencing - 1st November 2023^
Expiry - 31st October 2028
Current Passing Rental - $32,052.72 p.a.*
Reviews - Annual at CPI for Western Australia with next review 1st November 2023

^Tenant has advised they will be exercising their Option.

Statutory & Strata Outgoings (2022 - 2023):
City of Stirling Council Rates - $2,681.49
Water Corporation Services - $1,998.90
Strata Levies - $4,590.00

We are advised that the property does not attract Land Tax as it falls below the threshold level.

For further information, please contact exclusive selling agents.

*Approx.