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Altegra Property Group are proud to offer this fully leased investment with further, immediately available development upside to the market For Sale, located directly opposite one of Perth’s largest shopping centres.
FOR SALE via OFFERS TO PURCHASE - Closing 4pm AWST 19th June 2025 (unless sold prior)
11 Boas Avenue, Joondalup offers a unique investment opportunity, in a tightly held market, that will suit passive investors, developers and long term "holders" of A-grade property assets.
Key Investment Features include:
- Long term lease to Commonwealth Government tenant, "Services Australia" (making up approx. 75% of the rental income)
- Other tenants on site include H&R Block and an NDIS operator
- Current passing rent of $478,946pa + Outs + GST
- WALE of 6.95 years (by income)
- Land area of 2,366m2
- Current DA Approval for an additional 400m2 lettable area to be constructed on the site
- Prime location directly opposite Lakeside Joondalup Shopping Centre
- Located in Joondalup's "Centre" zone, with no building height restrictions on development
The property currently consists of 2 conjoined buildings with a total NLA of 965m2 approx., 22 car bays on site and an undeveloped courtyard area. In December 2023 the seller successfully obtained a DA Approval to develop a further circa 400m2 of NLA on the northwest corner of the site. A full set of plans are available via the property dataroom.
Joondalup is a thriving urban hub located approximately 25 kilometres north of Perth, Western Australia. Designed as a strategic metropolitan centre, Joondalup offers a well-planned mix of commercial, residential, retail, healthcare and educational property, making it one of Perth’s most dynamic property growth areas. This is a tightly held market where property of this quality is rarely offered to market for sale.
Method of Sale:
FOR SALE via OFFERS TO PURCHASE - Closing 4pm AWST 19th June 2025 (unless sold prior)
For more information or to discuss submission of an offer, please contact Anthony Morabito at Altegra Property Group.
Altegra Property Group are proud to offer this fully leased investment with further, immediately available development upside to the market For Sale, located directly opposite one of Perth’s largest shopping centres.
FOR SALE via OFFERS TO PURCHASE - Closing 4pm AWST 19th June 2025 (unless sold prior)
11 Boas Avenue, Joondalup offers a unique investment opportunity, in a tightly held market, that will suit passive investors, developers and long term "holders" of A-grade property assets.
Key Investment Features include:
- Long term lease to Commonwealth Government tenant, "Services Australia" (making up approx. 75% of the rental income)
- Other tenants on site include H&R Block and an NDIS operator
- Current passing rent of $478,946pa + Outs + GST
- WALE of 6.95 years (by income)
- Land area of 2,366m2
- Current DA Approval for an additional 400m2 lettable area to be constructed on the site
- Prime location directly opposite Lakeside Joondalup Shopping Centre
- Located in Joondalup's "Centre" zone, with no building height restrictions on development
The property currently consists of 2 conjoined buildings with a total NLA of 965m2 approx., 22 car bays on site and an undeveloped courtyard area. In December 2023 the seller successfully obtained a DA Approval to develop a further circa 400m2 of NLA on the northwest corner of the site. A full set of plans are available via the property dataroom.
Joondalup is a thriving urban hub located approximately 25 kilometres north of Perth, Western Australia. Designed as a strategic metropolitan centre, Joondalup offers a well-planned mix of commercial, residential, retail, healthcare and educational property, making it one of Perth’s most dynamic property growth areas. This is a tightly held market where property of this quality is rarely offered to market for sale.
Method of Sale:
FOR SALE via OFFERS TO PURCHASE - Closing 4pm AWST 19th June 2025 (unless sold prior)
For more information or to discuss submission of an offer, please contact Anthony Morabito at Altegra Property Group.
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