SOLD
RECENT ADVICE
Sold on 28 Nov 2024 for $11,000,000

25 Wellard Street
Bibra Lake WA 6163

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 17000m2
Land area: 22131m2
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Property Details for 25 Wellard St, Bibra Lake

Building Type
Commercial
Floor Size
17000m2
Land Size
22131m2
Local Government
Cockburn
Lot/Plan
3/P003699

Last Listing description (December 2024)

Savills, as exclusive selling agents, are pleased to present to the to the market a large-scale industrial landholding in Bibra Lake, Western Australia for sale by Expressions of Interest.The property comprises a freehold title of 22,160sqm* on a rectangular shaped block which fronts onto the B-double rated Wellard Street on the eastern side of the property. With 'Industry' zoning, 25 Wellard Street also benefits from a flexible range of development options for the lot.Key highlights at this opportunity include:- Workshop area 2,635sqm*- Refurbished two-storey office/amenities 790sqm*- Unsealed 14,000sqm* dedicated hardstand area- Dual crossovers to Wellard Street- Drive-around access- Light-duty gantry cranes- Three-phase power - Multiple sliding doors- Zoned 'Industry'- Mezzanine storage area Strategically located within Perth's southern corridor, 25 Wellard Street presents itself an opportunity for occupiers and developers alike to secure a substantial holding in the core southern industrial submarket of Bibra Lake. The property is located on Wellard Street, with access to Spearwood Avenue in the east and Stock Road in the west, both of which provide excellent proximity to Perth's southern freight and oversized corridor, as well as other key southern metropolitan industrial precincts.25 Wellard Street, Bibra Lake is for sale by way of Expressions of Interest, closing 2pm 30 October 2024 (WST).To discuss this opportunity further, please contact the exclusive selling agents.*Approximate

Property History for 25 Wellard St, Bibra Lake, WA 6163

A timeline of how this property has performed in the market
Last Sold
$11,000,000
28 Nov 2024
  • 28 Nov 2024
    Sold for $11,000,000
  • 08 Oct 2024
    Listed for Sale Contact Agent
  • 18 Nov 1996
    Sold for $900,000

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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 4,032 properties. Over the last 5 years, Houses in Bibra Lake have seen a 92.12% increase in median value, while Units have seen a 62.13% increase. As at 30 November 2024:

  • The median value for Houses in Bibra Lake is $892,814 while the median value for Units is $419,936.
  • Houses have a median rent of $700 while Units have a median rent of $410.
There are currently 17 properties listed for sale, and 2 properties listed for rent in Bibra lake on OnTheHouse. According to CoreLogic's data, 125 properties were sold in the past 12 months in Bibra lake.

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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.