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43 Winton Road Joondalup WA 6027

  • Retail
  • 881 m²
  • For Sale, $2,000,000 PRICE REDUCED TO SELL!

PRICE REDUCED - LEASED INVESTMENT

Keen owners have reduced the price on this super leased investment in Joondalup's Winton Road Area with easy access to and from the Mitchell Freeway.

The property is situated in a prominent, high profile position which was previously used by wholesalers, warehouses & showrooms but more recently has become a popular destination for recreation, educational establishments and new uses such as medical consulting rooms, offices now permissible.(Some uses subject to approval of a change of use by City of Joondalup).

The multi-tenanted leased investment provides a strong passing income stream and has a significant underlying land value in addition to the concrete tilt and metal roof construction built in 2005.

There is flexibility for an owner who wants to invest and also occupy one of the three separate tenancies with their own business.

Unit 1:

- 330 sqm approx. plus mezzanine floor for extra storage of 90 sqm approx. (total 420 sqm)
- Previously Leased to a National Electrical Wholesaler
- Previous layout provided Showroom at front, warehouse with Roller door access at rear
- 2 w/c's, kitchenette, mezzanine floor
- Opportunity to re-lease or for the new owner to occupy

Unit 2:

- 213 sqm
- Educational Establishment use in place
- Leased until June 2020 to an established business with options for tenant to extend
- Originally designed with a Showroom at front, warehouse with Roller door access at rear
- 2 w/c's, kitchenette, mezzanine office
- Tenant pays rent and outgoings

Unit 3:

- 338 sqm
- Recreation use in place
- Building Classification 9B
- Leased to an established martial arts business
- Leased until December 2020
- Originally designed as a Showroom at front, warehouse with Roller door access at rear
- 2 w/c's, one with shower
- Kitchenette
- Evaporative Air Conditioning
- Tenant pays rent and outgoings

43 Winton Road Joondalup provides a great opportunity for an investor or super fund to secure this property located in the Joondalup "City Centre" zoning area (previously service industrial), with an option to occupy unit 1 if your own prominent business location is required.

Please call Grant Mathews of First Western Realty on 0488 024 352 for further information or to make a time to view.

Property Highlights

Property ID2014063322
Floor Area881 m²
Land Area2,048 m²
Energy0-star NABERS Energy rating
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  20 Aug 2019
Map for 43 Winton Road Joondalup WA 6027
First Western Realty
5/189 Lakeside Drive Joondalup WA 6027

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