FOR SALE
EOI closing Thu 3 Oct 2024 at 4pm AWST

16/386 Wanneroo Road
Westminster WA 6061

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 181m2
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Entry level investment opportunity

RWC WA is pleased to present an exceptional entry level investment opportunity, available to purchase via Expressions of Interest closing Thursday 3 October 2024 at 4pm AWST.
This property has been occupied by a long term tenant for over 15 years, ensuring stability and reliability. The 181sqm* first floor office is located within the Northlands Business Centre, fronting Wanneroo Road allowing excellent accessibility.
Property features include:
• Light and bright reception area with auxiliary meeting room
• Three separate partitioned offices
• Large kitchen equipped with a dishwasher
• Neat male and female bathrooms
• Spacious open plan office area
• Dedicated server and storage areas
• Reverse cycle ducted air conditioning throughout
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Property Details for 16/386 Wanneroo Rd, Westminster

Building Type
Commercial
Floor Size
181m2

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About Westminster 6061

The size of Westminster is approximately 2.3 square kilometres. It has 13 parks covering nearly 7.3% of total area. The population of Westminster in 2011 was 5,175 people. By 2016 the population was 6,186 showing a population growth of 19.5% in the area during that time. The predominant age group in Westminster is 30-39 years. Households in Westminster are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Westminster work in a trades occupation. In 2011, 52.2% of the homes in Westminster were owner-occupied compared with 52.8% in 2016.

Westminster has 4,015 properties. Over the last 5 years, Houses in Westminster have seen a 86.10% increase in median value, while Units have seen a 161.35% increase. As at 30 September 2024:

  • The median value for Houses in Westminster is $649,265 while the median value for Units is $621,656.
  • Houses have a median rent of $585 while Units have a median rent of $595.
There are currently 34 properties listed for sale, and 3 properties listed for rent in Westminster on OnTheHouse. According to CoreLogic's data, 214 properties were sold in the past 12 months in Westminster.

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Lachlan Burrows
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