17 Wellard StreetBibra Lake WA 6163
Property Details for 17 Wellard St, Bibra Lake
Last Listing description (June 2023)
Raine & Horne Commercial and Southside Realty are pleased to present to the market an extremely rare value add property + development site located at 17 Wellard Street, Bibra Lake.The 2.15HA super parcel provides an exciting opportunity for developers or owner occupiers in the highly sought after and tightly held Bibra Lake location in a market which has been starved of opportunities of this magnitude.The property consists of 14 factory units all of which are fully leased providing income which is massively beneficial to a project such as this.Property Features:- 2.15HA Site Area- 3,495sqm* Build Area (over 14 factories)- 89.4m Frontage - 241m Depth- $282,360pa + GST Total Net Holding Income (Subject to change)Options:1. Maintain and improve tenancy returns2. Refurbish and sell units by strata3. Develop rear to occupy, lease or sellPrice on ApplicationMAKE AN OFFER AND CAPTURE VALUEFor a copy of the IM or to arrange an inspection please contact one of the selling agents
Property History for 17 Wellard St, Bibra Lake, WA 6163
- 07 Dec 2023Sold for $5,550,000
- 24 Nov 2022Listed for Sale Price on Application
- 07 Jul 2021Listed for Rent $1,500 / year
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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.
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