FOR SALE
Price by Negotiation

1/639 Beach Road
Warwick WA 6024

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 172m2
Land area: 172m2
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Unique Leased Investment Opportunity

NAI Harcourts Metro is pleased to bring to the market this unique commercial property investment opportunity located in the Warwick Entertainment Centre, and it forms part of the shopping Centre precinct.
Warwick Entertainment Centre is located approximately 15 kms north of the Perth CBD and comprises of Hoyts Cinemas, Westpac Bank, Subway, Dome Café, McDonalds, Mochachos, Baskin and Robins, Zambrero, two medical centers and many more eating joints and a variety of other shops creating a vibrant and busy family friendly entertainment hub.
The prospective tenant/business owner offers the buyer (investor) a long-term lease and many years of business experience, having successfully operated "Little India Restaurant" in the property location.
Key Property Facts:
• 172 sqm of land (approx.)
• 165 sqm of building (approx.)
• Net annual rent $60,000 plus GST
• Annual Outgoings $23,600 (approx.) plus GST
• Property currently owner occupied, and owner will take on long term lease.
• Current business operating from property: Indian Restaurant.
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Property Details for 1/639 Beach Rd, Warwick

Building Type
Commercial
Floor Size
172m2
Land Size
172m2

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About Warwick 6024

The size of Warwick is approximately 3 square kilometres. It has 13 parks covering nearly 32.1% of total area. The population of Warwick in 2011 was 3,815 people. By 2016 the population was 3,717 showing a population decline of 2.6% in the area during that time. The predominant age group in Warwick is 60-69 years. Households in Warwick are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Warwick work in a professional occupation. In 2011, 81% of the homes in Warwick were owner-occupied compared with 78% in 2016.

Warwick has 1,984 properties. Over the last 5 years, Houses in Warwick have seen a 79.65% increase in median value, while Units have seen a 150.90% increase. As at 30 November 2024:

  • The median value for Houses in Warwick is $907,703 while the median value for Units is $656,685.
  • Houses have a median rent of $700 while Units have a median rent of $663.
There are currently 10 properties listed for sale, and no properties listed for rent in Warwick on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Warwick.

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Tony Romano
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