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:
• Tenant: One Central Health
* Annual rent: currently $57,083pa plus Outgoings plus GST, with the Net Rent to increase to $70,000per annum once the a lift is installed.
* Lift Installation as of 30 April 2025: I have been advised by the seller the Building Plans will be submitted to council by weeks end and it should be approved within 10 days, then it should take 6 months approximately for lift installation.
• 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.
