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For Sale

Unit 3, 30 Erindale Road, Balcatta

Area: 166 m2
Leased Investment - Affordable Entry Level Opportunity
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

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.


Read More
Established showroom precinct Secure income stream Long standing Tenant

Property Details+

Building Area
166 m2
Ground Floor
Car Spaces
Abundant onsite
Tenure & Zoning
  • Leased Investment
  • Odin Road
  • Mitchell Freeway
Contact Franco Gangemi
Contact Wayne Mitsikas
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    0418 930 504
    0413 599 655
    Thinking of buying, selling or leasing? Make your next move with us.
    +61 8 9321 2770
    Wayne Mitsikas

    Wayne Mitsikas is one of the state’s leading Commercial Property Directors and in this capacity, has been involved in the mainstream commercial markets of Perth and been responsible for many significant sales and leasing transactions on behalf of some of the nation’s largest investors.

    Following graduation from Curtin University in 1994 with a Bachelor of Commerce, Wayne spent 8 years in valuations with both private enterprise and state government which provided him with sound industry knowledge prior to embarking on a career in agency. Prior to his current role at Axia, Wayne was a National Director of the Jones Lang LaSalle Capital Markets team responsible for many transactions in and around the Perth CBD.

    Wayne’s evolution through the property industry has provided him with the very best ingredients possible to advise and value add for clients of Axia and his strong client relationships bears testament to his standing in the property community.