The Opportunity
The tenanted industrial property is located at 27 Moojebing Road Bayswater. Bayswater is an inner-city suburb, located 6 kilometres north-east of the central business district of Perth, the capital of Western Australia. It is located north of the Swan River, within the City of Bayswater local government area residential, light industrial and semi-rural suburb with easy access to state arterial and major road links.
The property comprises some 2019m2*of level land on two titles which has been surfaced with approximately 676m2* of floor area. Improvements consist of a warehouse/workshop and office building of various materials, a canopy over the rear driveway.
The size of Bayswater is approximately 9.8 square kilometres. It has 40 parks covering nearly 15.1% of total area. The population of Bayswater in 2011 was 13,525 people. By 2016 the population was 14,436 showing a population growth of 6.7% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation. In 2011, 67% of the homes in Bayswater were owner-occupied compared with 67.7% in 2016.
Bayswater has 8,710 properties. Over the last 5 years, Houses in Bayswater have seen a 75.80% increase in median value, while Units have seen a 102.65% increase. As at 30 September 2024:
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