- Modern neighbourhood shopping centre
- Comprises six individual tenancies fully leased
- Current income $192,887 pa net
- Land area 4,103 sqm
- Long leases plus options
- Excellent depreciation allowances
- Potential for further development (STCA)
- Located in rapidly growing residential location
Introduction
Burgess Rawson are pleased to offer for sale by Offers Invited', 59 Arpenteur Drive, Baldivis. A rare opportunity to purchase a modern, fully leased neighbourhood shopping centre in the rapidly expanding suburban location of Baldivis. The perfect investment for a passive investor.
Location
Located within the Stocklands Settlers Hill Estate which has easy access to freeways. The Settlers Hill Village Centre is only approximately 15 minutes from Rockingham. The estate comprises approximately 2,500 residential lots and is within close proximity to Tranby College and local recreation areas.
Improvements
A purpose built centre constructed in 2005 consisting of six individual tenancies, separate staff amenities and parking plus customer parking for approximately 54 cars. Approximate GLA of 641 sqm.
Tenancy Details
The property is fully leased with a current net rent of $192,887 pa. Refer to the selling agent for further information.
Land Details
Frontage to Arpenteur Drive - 40.66 metres
Total Land Area - 4,103 sqm
Legal Description
Lot 11 on Deposited Plan 25957 Certificate of Title Volume 2225 Folio 800
Zoning
The City of Rockingham advise that the property is zoned Commercial'.
Closing Date
Wednesday, 16 November 2011 at 2.00pm (WST).
Sale Conditions
The property is offered for sale by Offers Invited' closing 2.00pm (WST) Wednesday, 16 November 2011. Offer documentation is available from the selling agent. Offers are to be lodged in the submission box at the office of Burgess Rawson, Level 7, 221 St Georges Terrace, Perth before the closing time.
Goods & Services Tax
The sellers are registered for GST and the property will be sold as a Going Concern' for GST purposes.
