FOR SALE
$480,000

98 Otterburn Street
Leonora WA 6438

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 425m2
Land area: 2324m2
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This is an attractive commercial property investment opportunity located in Leonora, WA, an area currently experiencing significant economic growth, primarily driven by the region's mining and resourc

• Annual Rent: $ $47,087.45 (plus GST & Outgoings)
• Lease Term: 5 years, commencing on 15th September 2023
• Rent Review: Annual rent review of 3.5% or CPI (whichever is higher)
• Return on Investment (ROI): 9.7% ROI on the current term, offering a strong return relative to the property's market value
• Tenant: Freo Group PTY LTD, a high-quality tenant providing security and stability to the lease
• Property Address: 98 Otterburn Street, Leonora
• Total Area: 2,324 m²
o Sheds, offices, and ablutions: 425 m²
o Hardstand area: 1,899 m²
Key Investment Highlights:
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Property Details for 98 Otterburn St, Leonora

Building Type
Commercial
Floor Size
425m2
Land Size
2324m2

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About Leonora 6438

The size of Leonora is approximately 11,071.8 square kilometres. It has 6 parks. The population of Leonora in 2011 was 1,216 people. By 2016 the population was 793 showing a population decline of 34.8% in the area during that time. The predominant age group in Leonora is 20-29 years. Households in Leonora are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Leonora work in a machinery operators and drivers occupation. In 2011, 30.3% of the homes in Leonora were owner-occupied compared with 31.2% in 2016.

Leonora has 841 properties. Over the last 5 years, Houses in Leonora have seen a 279.67% increase in median value. As at 30 November 2024:

  • The median value for Houses in Leonora is $237,709 while the median value for Units is $195,638.
There are currently 1 property listed for sale, and 1 property listed for rent in Leonora on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Leonora.

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Robert Gilmore
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First National Real Estate Kalgoorlie
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