24/257 Balcatta RoadBalcatta WA 6021
Property Details for 24/257 Balcatta Rd, Balcatta
Last Listing description (August 2025)
Welcome to Unit 24/257 Balcatta Road, Balcatta...this great leased investment offers a fantastic opportunity for those astute investors looking for long term security in a great location. Situated in a tightly held sought-after location, this property offers convenience and accessibility. With easy access to major roads and transportation options, commuting to and from this property is a breeze. Strata area: 587sqm* Lease details: - Tenant: One Central Health* Annual rent: currently $57,083pa plus Outgoings plus GST, with the Net Rent to increase to $70,000per annum once the a lift is installed.* Lift Installation as of 30 April 2025: I have been advised by the seller the Building Plans will be submitted to council by weeks end and it should be approved within 10 days, then it should take 6 months approximately for lift installation. - Lease term (subject to the above): 5 year term ending 9 October 2028 plus 5 year option. - Security: 6 months Gross Rent Property Features: - Reception area, multiple offices, training rooms, board room and multiple kitchen areas- New carpet and re-painted - Lift access (TBC) owners are progressing with strata approval to install - Street frontage with great signage opportunities Asking Price: $1,100,000 (Going concern) For more information or to arrange an inspection, please call Gavin Lilleyman on 0431 834 775. * Please note that all measurements are approximate.
Property History for 24/257 Balcatta Rd, Balcatta, WA 6021
- 23 Jun 2025Listed for Sale $1,100,000 (Going concern)
- 23 Jun 2025Sold for $1,000,000
- 24 Jun 2021Listed for Rent $60,000 / year
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About Balcatta 6021
The size of Balcatta is approximately 7.1 square kilometres. It has 28 parks covering nearly 10.2% of total area. The population of Balcatta in 2016 was 10382 people. By 2021 the population was 10813 showing a population growth of 4.2% in the area during that time. The predominant age group in Balcatta is 30-39 years. Households in Balcatta are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balcatta work in a professional occupation.In 2021, 65.30% of the homes in Balcatta were owner-occupied compared with 63.80% in 2016.
Balcatta has 6,705 properties. Over the last 5 years, Houses in Balcatta have seen a 103.72% increase in median value, while Units have seen a 109.70% increase. As at 30 November 2025:
- The median value for Houses in Balcatta is $1,006,697 while the median value for Units is $733,501.
- Houses have a median rent of $725 while Units have a median rent of $650.
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