29 Keates RoadArmadale WA 6112
Property Details for 29 Keates Rd, Armadale
29 Keates Rd, Armadale is a 0 bedroom, 0 bathroom House with 2 parking spaces and was built in 2008. The property has a land size of 300m2 and floor size of 293m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 0 bedroom House sold in Armadale in the last 12 months.
Last Listing description (July 2024)
General industrial factory unit that will suit either the owner occupiers or the investors.
Concrete Tilt panel construction built in 2008 and still in great condition
300m2 app ( 24m x 12.5m)
Roller door 4m wide x 4.2 high
3 phase power (approx 80 amps)
Complex of 7 units
Securely gated
Zoned General Industrial
Currently tenanted until 27/8/2024 with no options so there is the chance to move into the property at the expiry of this tenancy.
The current tenant however is very keen to stay and is prepared to offer a lease at current market rates as follows;
Term 3 years + 3 year option
Rent $35000 per annum plus all variable outgoings
That represents an attractive return for an investor.
Inspections will be by appointment only so contact Mike Dunsmore on 0413 754 110
Property History for 29 Keates Rd, Armadale, WA 6112
- 09 May 2024Sold for $583,000
- 26 Apr 2024Listed for Sale Offers from $500,000 + GST if applicable
- 10 Mar 2018Listed for Rent $19,992 / year
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About Armadale 6112
The size of Armadale is approximately 8.3 square kilometres. It has 38 parks covering nearly 8.1% of total area. The population of Armadale in 2011 was 12,853 people. By 2016 the population was 13,607 showing a population growth of 5.9% in the area during that time. The predominant age group in Armadale is 20-29 years. Households in Armadale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Armadale work in a trades occupation. In 2011, 57.3% of the homes in Armadale were owner-occupied compared with 54.8% in 2016.
Armadale has 7,226 properties. Over the last 5 years, Houses in Armadale have seen a 170.70% increase in median value, while Units have seen a 147.73% increase. As at 31 October 2024:
- The median value for Houses in Armadale is $578,291 while the median value for Units is $434,163.
- Houses have a median rent of $560 while Units have a median rent of $513.
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