SOLD
Sold on 01 Nov 2024 for $5,750,000

68 Erindale Road
Balcatta WA 6021

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 350m2
Land area: 4991m2
Sold By
Alan Mijacika
Edison Property Commercial
Pasquale Cianfagna
Edison Property Commercial
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Property Details for 68 Erindale Rd, Balcatta

Building Type
Commercial
Floor Size
350m2
Land Size
4991m2
Local Government
Stirling
Lot/Plan
80/D050767

Last Listing description (December 2024)

A fantastic opportunity to purchase a sought after leased investment in the heart of Balcatta. A rare offering, the property covers a land area of 4,991sqm with a building component of 2,800sqm* and 45 parking bays. The building consists of a two level office component to the front which houses three tenants. The ground floor office is linked to one of three warehouses. The second warehouse is split into office/working area/warehouse along with amenities. The rear warehouse consists of office/warehouse/mezzanine and amenities. There are currently five tenants in the property on varying lease terms and the property is 100% fully leased. The current total net income is $304,051 per annum + GST with huge growth potential. Located in the heart of Balcatta with easy access to all major and arterial roads such as Mitchell Freeway, Reid Highway, Wanneroo Road and Balcatta Road. For further information please contact either Alan Mijacika on 0405 702 506 or Pasquale Cianfagna on 0418 907 300. The Seller reserves the right to accept an offer prior to the closing date.*approximate

Property History for 68 Erindale Rd, Balcatta, WA 6021

A timeline of how this property has performed in the market
Last Sold
$5,750,000
01 Nov 2024
Listed for Rent
$1.63k/w
29 Apr 2015
  • 01 Nov 2024
    Sold for $5,750,000
  • 17 Oct 2024
    Listed for Sale Contact Agent
  • 15 Jul 2019
    Listed for Rent $1,000 / year
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About Balcatta 6021

The size of Balcatta is approximately 7.1 square kilometres. It has 28 parks covering nearly 10.2% of total area. The population of Balcatta in 2011 was 9,990 people. By 2016 the population was 10,369 showing a population growth of 3.8% in the area during that time. The predominant age group in Balcatta is 30-39 years. Households in Balcatta are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balcatta work in a professional occupation. In 2011, 63.2% of the homes in Balcatta were owner-occupied compared with 63.8% in 2016.

Balcatta has 6,639 properties. Over the last 5 years, Houses in Balcatta have seen a 86.26% increase in median value, while Units have seen a 113.94% increase. As at 30 November 2024:

  • The median value for Houses in Balcatta is $878,219 while the median value for Units is $685,158.
  • Houses have a median rent of $700 while Units have a median rent of $640.
There are currently 21 properties listed for sale, and 7 properties listed for rent in Balcatta on OnTheHouse. According to CoreLogic's data, 282 properties were sold in the past 12 months in Balcatta.

Suburb Insights for Balcatta 6021

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.