17 Injune Way, Joondalup, WA 6027

Transact Capital, as exclusive selling agents, are pleased to present 17 Injune Way, Joondalup, offered for sale by Offers to Purchase. This substantial freestanding commercial property presents an outstanding opportunity for investors and owner-occupiers.

Occupying a prominent corner position at the intersection of Injune Way and Honeybush Drive, the property comprises two showroom tenancies with a combined net lettable area of approximately 1,640m²* on a 3,277m²* site. With one tenancy currently leased and the second offering significant leasing potential, the property presents an opportunity to secure an established income stream while unlocking further rental returns.

PROPERTY HIGHLIGHTS
•	Whole property offered for sale
•	3,277m²* site with approximately 1,640m²* of net lettable area
•	Two substantial showroom tenancies
•	Prominent corner position
•	Existing tenancy providing an income stream
•	Significant rental upside through leasing the vacant showroom

ZONING & DEVELOPMENT POTENTIAL
The property's zoning provides for a range of potential commercial and service-based uses, with permitted and discretionary uses including, but not limited to:
•	Bulky goods showroom
•	Childcare premises
•	Consulting rooms
•	Industrial uses (light and service)
•	Medical centre
•	Storage
•	Veterinary centre
•	Motor vehicle sales and repairs
•	Liquor store
•	Funeral parlour

INCOME SUMMARY
Current Passing Rent: $153,269 p.a. plus outgoings
Potential Rental Income: $445,869 p.a. plus outgoings
Current Outgoings: $121,360 p.a ($74/sqm)

The property currently benefits from an established tenancy to The Outdoor Chef, occupying 576m²*. The vacant 1,064m²* showroom presents an opportunity to generate an additional $292,600 in annual base rental income, based on an assumed rental rate of $275/m² per annum. With both tenancies leased, the property could achieve a combined annual base rental income of approximately $445,869 plus outgoings.

THE OPPORTUNITY
Offering a combination of existing income, substantial showroom accommodation and future leasing potential, 17 Injune Way presents an attractive opportunity to secure a significant commercial asset in Joondalup's established commercial precinct.

Investors can capitalise on the existing tenancy while pursuing the leasing potential of the vacant showroom, while owner-occupiers may benefit from securing the entire property for their business requirements, subject to the existing lease.

*Approx. 

For further information or to arrange an inspection, contact the exclusive selling agents at Transact Capital.