FOR SALE
$1,200,000 (firm) No GST

187/11 Watson Drive
Barragup WA 6209

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 632m2
Land area: 1451m2
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Leased Showroom plus spare land.

The property comprises a total of 1451m2 on title consisting of a large well presented 632m2 building showroom/warehouse of which approx 54m2 is the office/shop, PLUS there are mezzanine offices (approx. 30m2) and storage areas and in addition there is 819m2 of fenced land alongside.
The showroom plus a small portion of the land and two exclusive use car bays is leased.
There is an extra approx 735m2 of sealed land that is leased on a month to month basis.
The showroom is located at the front portion of a storage unit complex that was built in 2008 and is largely concrete tilt panel with a curved metal roof and truss height ranging between approx. 5.5m to 6.7metres. There is near new high bay LED lighting, a modern kitchen/lunchroom. The building has 3 x roller door access points and a direct access path to Watson drive so clients have direct access to the office and don't need to enter the storage unit facility.
Surrounding the front of the building is excellent security with high fencing, including some electric fencing and CCTV cameras. The hardstand area is mainly red bitumen but there are garden beds inside the fence to the front perimeter (not included in the useable area calculation)
LEASE DETAILS:
The Showroom/warehouse including two additional exclusive use carbays as well as the parking to the front of the premises and a small portion of the hardstand, are leased and generate a net rental of $79,632pa.
The 5yr + 5yr lease commenced 1/12/2022 with annual 5% increases.
The tenant pays the rates and taxes, the strata levies, the GST, and their consumables.
The hardstand of approx 735m2 is leased on a month to month basis for $1250 per calendar month.
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Property Details for 187/11 Watson Dr, Barragup

Building Type
Commercial
Floor Size
632m2
Land Size
1451m2

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About Barragup 6209

The size of Barragup is approximately 17.9 square kilometres. It has 8 parks covering nearly 19.9% of total area. The population of Barragup in 2011 was 807 people. By 2016 the population was 924 showing a population growth of 14.5% in the area during that time. The predominant age group in Barragup is 40-49 years. Households in Barragup are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Barragup work in a trades occupation. In 2011, 83.3% of the homes in Barragup were owner-occupied compared with 83.5% in 2016.

Barragup has 647 properties. Over the last 5 years, Houses in Barragup have seen a 70.08% increase in median value, while Units have seen a 173.20% increase. As at 30 November 2024:

  • The median value for Houses in Barragup is $1,100,881 while the median value for Units is $463,835.
  • Houses have a median rent of $640.
There are currently 12 properties listed for sale, and no properties listed for rent in Barragup on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Barragup.

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Peter Vetten
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Raine & Horne Mandurah
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