SOLD
Sold on 01 Dec 2023 for $5,280,000

15 Timberyard Way
Bibra Lake WA 6163

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1678m2
Land area: 3593m2
Sold By
Professionals MC Commercial Real Estate Malaga
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Property Details for 15 Timberyard Way, Bibra Lake

Building Type
Commercial
Year Built
2000
Floor Size
1678m2
Land Size
3593m2
Local Government
Cockburn
Lot/Plan
9500/P057823

Last Listing description (February 2024)

This is a once in a lifetime Investment opportunity to secure this strategic location in the heart of Bibra Lake.The subject property is situated within the Industrial precinct of Bibra Lake which is situated approximately 20 Km south west of the Perth CBD district.More specifically the property is located 175 meters south of the intersection with Barrington street, and its rear boundary fronts on to Spearwood Avenue , which would be ideal for branding.Frontage :Timberyard Way = 85.369 mFrontage; Spearwood Avenue = 92.47mTotal Land area 7,876m23 Workshops/Warehouses constructed from the mid 1990's to the early 2000's.Front Workshop is 752m2 with a Mezzanine of 148m2 , 7 meters height truss with Gantry Crane railings and two 5 Tonne cranesHigh Truss Workshop 605 m2 has approx 8 to 9 meters truss and is fitted with gantry crane railing and two 2.3 Tonne Gantry CranesRear Workshop has an L shaped design with sliding door access. Approx Truss height of 6.5 to 7 meters with Gantry crane railing and two x 3.2 Tonne cranes.- Gross Lettable Area- Ground level Office 143m2- Upper Level Office 58m2- Front Workshop 752m2- Front Workshop148m2- High Truss 605m2- High Truss Workshop30m2- Rear Workshop 631m2- Rear Workshop57m2- YARD = 3,000M2- Total Gross Lettable Area ( Excluding Canopies ) 2,189 m2 - Estimated Rental amount $300,000 plus Outgoings +GSTOffered at a price guide of Offers from $4.8 Million dollars, this property presents an excellent investment opportunity for those looking to expand their business or add to their property portfolio. Don't miss out on this chance to secure a spacious and versatile industrial property in a sought-after location.

Property History for 15 Timberyard Way, Bibra Lake, WA 6163

A timeline of how this property has performed in the market
Last Sold
$5,280,000
01 Dec 2023
  • 01 Dec 2023
    Sold for $5,280,000
  • 10 Nov 2023
    Listed for Sale Offers from $4.8 Million dollars
  • 22 Aug 2006
    Sold for $1,980,000

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About Bibra Lake 6163

The size of Bibra Lake is approximately 12.8 square kilometres. It has 19 parks covering nearly 32.9% of total area. The population of Bibra Lake in 2011 was 5,954 people. By 2016 the population was 5,890 showing a population decline of 1.1% in the area during that time. The predominant age group in Bibra Lake is 50-59 years. Households in Bibra Lake are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bibra Lake work in a professional occupation. In 2011, 82.9% of the homes in Bibra Lake were owner-occupied compared with 81.4% in 2016.

Bibra Lake has 4,028 properties. Over the last 5 years, Houses in Bibra Lake have seen a 86.22% increase in median value, while Units have seen a 45.57% increase. As at 31 July 2024:

  • The median value for Houses in Bibra Lake is $866,711 while the median value for Units is $385,275.
  • Houses have a median rent of $675 while Units have a median rent of $410.
There are currently 13 properties listed for sale, and 3 properties listed for rent in Bibra lake on OnTheHouse. According to CoreLogic's data, 134 properties were sold in the past 12 months in Bibra lake.

Suburb Insights for Bibra Lake 6163

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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.