81 Canning Road Kalamunda WA 6076

Time has proven this property offers a secure, long term return with a secure long term business which has been in operation for close to 20 years.

Located on the corner of Canning & Collins Road opposite the Kalamunda Water Park this property ticks all the boxes:

>> Prominent location on busy main road (650m to Woolworths, 1.1km to Coles).
>> Corner lot with entry from Collins Road.
>> Long term lease (1st option period commenced Sep 2021 - 2nd option period 5 years from Sep 2026).
>> Established tenant - the Gym Tonic business has been in operation for close to 20 years with an excellent reputation.
>> Current rent at market rate with annual CPI increases, lease is secured by way of $50,000 bank guarantee.
>> Zoned Special use - Gym, options to develop at end of lease for residential group housing with potential for other commercial uses. (Subject to Scheme amendments being approved.)
>> Connected to deep sewerage, mains gas available.

Land area: 3,214m2
Building area: ~714m2 (floor area ~ 1,250m2)
Parking: 31 bays

Rent return: $165,000 per annum net.
Outgoings: ~$25,200 per annum. (paid by Tenant)
GST: The seller is registered for GST and the property will be sold NIL GST as a going concern.

All offers presented, please call for details.

Please contact Trevor Longwood Ph 0431 678 500 for further details.