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4/199 Balcatta Road
Balcatta WA 6021
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Sold on 14 Jun 2016

4/199 Balcatta Road Balcatta WA 6021

  • Showrooms / Bulky Goods
  • 391 m²
  • Sold

LEASED INVESTMENT

    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 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.

    Property Highlights

    Date Sold14 Jun 2016
    Floor Area391 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2012568384
    Category
    Last updated  25 Oct 2016
    Map for 4/199 Balcatta Road Balcatta WA 6021

    Property Highlights

    Date Sold14 Jun 2016
    Floor Area391 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2012568384
    Category
    Last updated  25 Oct 2016

    Co-Agents

    Matthew Edwards
    Raine & Horne Commercial WA
    Call
    0402 515 251
    Terry Menage
    Raine & Horne Commercial WA
    Call
    64447200

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