FOR SALE
$450,000

1/12 Hodgson Street
Denmark WA 6333

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 278m2
Land area: 903m2
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Investment Property with Long Term Tenure

Presenting a fantastic opportunity to invest in a prime commercial property located in the vibrant town of Denmark, WA. This property is currently leased to the popular Denmark Bakery, a long-standing and successful local business.
Property Highlights:
• Tenant: Denmark Bakery, known for its strong presence in the community.
• Lease Arrangement: Secure 10-year lease (June 2034) with options for two additional 5-year extensions, reflecting the tenant's commitment to the property.
• Rental Income: $26,000 per annum plus GST, payable monthly at $2,166.67 plus GST, along with Variable Outgoings (VO's).
• Internal Fittings: All fittings, including cool rooms, are owned by the tenant, simplifying property management.
• Additional Features: Includes an office space and toilets, enhancing the functionality of the building.
• CPI Review: Next review scheduled for July 2025.
• This property is offered as a going concern.
• Building space approx. 278 sqm, Land approx. 903 sqm
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Property Details for 1/12 Hodgson St, Denmark

Building Type
Commercial
Floor Size
278m2
Land Size
903m2

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About Denmark 6333

The size of Denmark is approximately 17.5 square kilometres. It has 13 parks covering nearly 5.4% of total area. The population of Denmark in 2011 was 2,280 people. By 2016 the population was 2,639 showing a population growth of 15.7% in the area during that time. The predominant age group in Denmark is 60-69 years. Households in Denmark are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Denmark work in a professional occupation. In 2011, 56.4% of the homes in Denmark were owner-occupied compared with 61.5% in 2016.

Denmark has 2,007 properties. Over the last 5 years, Houses in Denmark have seen a 85.36% increase in median value, while Units have seen a 15.08% increase. As at 30 November 2024:

  • The median value for Houses in Denmark is $615,026 while the median value for Units is $331,728.
  • Houses have a median rent of $498 while Units have a median rent of $310.
There are currently 21 properties listed for sale, and 4 properties listed for rent in Denmark on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Denmark.

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Leisha Davis
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Dennis Davis
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Spice Real Estate
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