5/7 Erindale Road,
Balcatta, WA 6021
Showrooms & Large Format Retail
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Map of 5/7 Erindale Road
SOLD AT AUCTION BALCATTA SPECIALISTS - MORE PROPERTIES REQUIRED
Offered for sale is an extremely rare opportunity to secure an affordable leased investment property within near new complex and recently executed Lease extension.
Property Features:
- Strata Area: 331sqm
- High Exposure Showroom Location
- Operating as Janome Sewing Centre'
- New 3 year Lease (extension)
- Recognised Internationally Branded Tenant
- Surrounded by quality / national tenants
- Exposure to Approx. 30,000 cars passing daily
- Suspended Grid Ceiling
- Air conditioned
- Rear storage area with roller door & Hi-bay lighting
Auction conditions:
Deposit: 10% on fall of hammer
Settlement: 30 days (5th July 2013)
LEASE DETAILS -
Tenant:
Franchisee for Janome Sewing Centre
(Australia's #1 Sewing Machine company)
Lease Term:
3 years commencing 6th May 2013 (first option period)
Option:
3 years commencing 6th May 2016
Rental: (As of May 6th)
$55,472.64 p.a. plus outgoings plus GST
Outgoings:
Payable by the tenant, Budgeted at $10,910 p.a.
Rent Reviews:
Annually CPI increase / Market at option
AUCTION:
Wednesday 5th June 2013 Onsite 11am
(sold going concern for GST purposes)
Matthew Edwards
0402 515 2...
matthewe@rhc.com.au
Anthony Vulinovich
0411 516 3...
anthonyv@rhc.com.au
Property Features:
- Strata Area: 331sqm
- High Exposure Showroom Location
- Operating as Janome Sewing Centre'
- New 3 year Lease (extension)
- Recognised Internationally Branded Tenant
- Surrounded by quality / national tenants
- Exposure to Approx. 30,000 cars passing daily
- Suspended Grid Ceiling
- Air conditioned
- Rear storage area with roller door & Hi-bay lighting
Auction conditions:
Deposit: 10% on fall of hammer
Settlement: 30 days (5th July 2013)
LEASE DETAILS -
Tenant:
Franchisee for Janome Sewing Centre
(Australia's #1 Sewing Machine company)
Lease Term:
3 years commencing 6th May 2013 (first option period)
Option:
3 years commencing 6th May 2016
Rental: (As of May 6th)
$55,472.64 p.a. plus outgoings plus GST
Outgoings:
Payable by the tenant, Budgeted at $10,910 p.a.
Rent Reviews:
Annually CPI increase / Market at option
AUCTION:
Wednesday 5th June 2013 Onsite 11am
(sold going concern for GST purposes)
Matthew Edwards
0402 515 2...
matthewe@rhc.com.au
Anthony Vulinovich
0411 516 3...
anthonyv@rhc.com.au
Property ID: 500721839Last Updated: 13 Dec 2013
5/7 Erindale Road
Balcatta, WA 6021
Raine & Horne Commercial - Western Australia334 Cambridge Street
WEMBLEY, WA 6014
WEMBLEY, WA 6014
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