FOR SALE
OFFERS INVITED

59 Grand Boulevard
Joondalup WA 6027

Bedrooms: -
Bathrooms: -
Car spaces: 21
Floor area: 446m2
Land area: 1035m2
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RARE MIX - COMMERCIAL / CONSULTING PREMISES PLUS RESIDENTIAL TOWNHOUSE

Raine and Horne Commercial are pleased to present 59 Grand Blvd, Joondalup to the market for sale. An exceptionally rare opportunity to secure a commercial premises, plus residential townhouse, 50 metres from the Joondalup Health Campus (JHC) and in the heart of surrounding medical precinct.
59 Grand Blvd provided buyers with considerable short and long term options:
- Holding income from day one or the ability to secure with vacant possession
- A commercial premises with existing consulting rooms
- Significant long term redevelopment potential supported by flexible zoning
Consisting of a single level commercial / medical building with an additional two-level residential townhouse to the rear of the site, providing an approximate total building area of 446sqm. The property sits on a land holding of 1,035sqm and boasts three street frontages to Grand Blvd, Regents Park Rd and the rear ROW, thus providing not only a strategic land parcel but also an incredible redevelopment opportunity now or in future!
The property effectively backs onto the Joondalup Health Campus, which is currently undergoing a multi-million-dollar expansion, Stage 2 of the project is currently underway, with the State & Federal Governments pledging $459 million to the project.
The property is currently fully leased; however, the option exists for the commercial area to be provided with vacant possession.
Currently with a passing gross income of approximately $168,550 p.a., the property sits well as a genuine passive investment opportunity with the potential to redevelop at later a date.
• Green title land parcel
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Property Details for 59 Grand Bvd, Joondalup

Building Type
Commercial
Floor Size
446m2
Land Size
1035m2

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About Joondalup 6027

The size of Joondalup is approximately 10.6 square kilometres. It has 29 parks covering nearly 24.8% of total area. The population of Joondalup in 2011 was 9,197 people. By 2016 the population was 9,098 showing a population decline of 1.1% in the area during that time. The predominant age group in Joondalup is 20-29 years. Households in Joondalup are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Joondalup work in a professional occupation. In 2011, 54.4% of the homes in Joondalup were owner-occupied compared with 56% in 2016.

Joondalup has 5,225 properties. Over the last 5 years, Houses in Joondalup have seen a 76.94% increase in median value, while Units have seen a 78.30% increase. As at 30 November 2024:

  • The median value for Houses in Joondalup is $833,926 while the median value for Units is $514,736.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 57 properties listed for sale, and 23 properties listed for rent in Joondalup on OnTheHouse. According to CoreLogic's data, 336 properties were sold in the past 12 months in Joondalup.

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Terry Menage
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Matthew Edwards
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