38 Westgate StreetWacol QLD 4076
Property Details for 38 Westgate St, Wacol
Last Listing description (January 2021)
CBRE are proud to offer 38 Westgate Street, Wacol to the market for sale via Expressions of Interest. This is a rare opportunity to secure a first class multi-tenanted industrial facility leased to a National Tenant.
Features of the investment include:
+ New 7 year lease
+ Modern tilt panel buildings in great condition
+ 5.22 Year WALE
+ Leased to National tenant Kent Removals & Storage
+ Net Annual income of $1,063,692 + GST
+ Western Corridor location with direct access to Ipswich Motorway.
Strategically located with direct access to major arterials including the Ipswich, Centenary and Logan Motorways. Wacol is a highly sought after Industrial precinct located within the Western Corridor close to the new Metroplex Development.
For further details or to arrange an inspection please contact CBRE the Exclusive Agents.
Transaction Advisor: Charter Keck Cramer
Property History for 38 Westgate St, Wacol, QLD 4076
- 05 Mar 2014Listed for Sale Below Market Prices
- 05 Mar 2014Listed for Rent - Price not available
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About Wacol 4076
The size of Wacol is approximately 18.2 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Wacol in 2011 was 2,957 people. By 2016 the population was 3,774 showing a population growth of 27.6% in the area during that time. The predominant age group in Wacol is 20-29 years. Households in Wacol are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wacol work in a trades occupation. In 2011, 61.3% of the homes in Wacol were owner-occupied compared with 45.4% in 2016.
Wacol has 706 properties. Over the last 5 years, Houses in Wacol have seen a 143.88% increase in median value, while Units have seen a 46.67% increase. As at 31 October 2024:
- The median value for Houses in Wacol is $700,198 while the median value for Units is $467,446.
- Houses have a median rent of $500 while Units have a median rent of $450.
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