FOR SALE
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23 Montgomery Way
Malaga WA 6090

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3054m2
Land area: 7932m2
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Prime Warehouse Facility

We are inviting expressions of interest for an exceptional investment opportunity at 23 Montgomery Way, Malaga. This prime warehouse facility is leased to the well-established Steelmakers Pty Ltd, offering a solid annual return of $360,000 per annum plus outgoings, with excellent potential for future growth.
Key Property Details:
• Tenant: Steelmakers Pty Ltd (reliable steel industry leader)
• Annual Rental Income: $360,000 + outgoings
• Land Area: 7,932 sqm
• Warehouse Area: 3,054 sqm (approx.)
• Lease Term: 3-year lease with two 3-year options
• Lease Start Date: 1st January 2024
• Rent Reviews: CPI adjustments throughout, Market at options
Additional Highlights:
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Property Details for 23 Montgomery Way, Malaga

Building Type
Commercial
Floor Size
3054m2
Land Size
7932m2

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About Malaga 6090

The size of Malaga is approximately 6.6 square kilometres. It has 7 parks covering nearly 8.1% of total area. The population of Malaga in 2011 was 15 people. By 2016 the population was 3 showing a population decline of 80.0% in the area during that time. The predominant age group in Malaga is 50-59 years. Households in Malaga are primarily couples with children and are likely to be repaying $1800 - $2000 per month on mortgage repayments. In general, people in Malaga work in a trades occupation..

Malaga has 2,952 properties. Over the last 5 years, Houses in Malaga have seen a 116.53% increase in median value, while Units have seen a 102.24% increase. As at 31 October 2024:

  • The median value for Houses in Malaga is $531,708 while the median value for Units is $401,739.
There are currently 9 properties listed for sale, and 9 properties listed for rent in Malaga on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Malaga.

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Daniel Saad
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Proproperty Group
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