46 Wellard StreetBibra Lake WA 6163
Property Details for 46 Wellard St, Bibra Lake
Last Listing description (June 2022)
INVESTMENT OPPORTUNITY -CIRCA 6% MARKET YIELD - LONG TERM LEASE VIEWINGS WITH AGENT ON SITE ONLY - PLEASE DONT GO ON SITE WITHOUT AGENTCorner Site Main Road Location with Dual Entrance Drive Through Access.A 2,462 sqm generally rectangular shaped corner allotment, improved with a circa 1989 (2006 additions made) built office workshop development providing a total lettable area of 784 sqm apportioned as 91 sqm of office and 693 sqm of warehouse. "Other" ancillary improvements include a lean-to wash bay and bitumen hardstand areas. Site coverage is 32%. Office to warehouse ration is 13%. The property is located within the established industrial locality of Bibra Lake. Office - 91 sqmWorkshop 1 - 300 sqmWorkshop 2 - 149 sqmWorkshop 3 - 244 sqmLean To - 72 sqmHardstand - 400 sqmFor more information on the investment opportunity, lease details, internal photography and property specifics please get in touch.
Property History for 46 Wellard St, Bibra Lake, WA 6163
- 26 Aug 2024Sold for $1,620,000
- 07 Apr 2022Sold for $1,284,000
- 16 Feb 2022Listed for Sale High $1.2m's
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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 4,016 properties. Over the last 5 years, Houses in Bibra Lake have seen a 89.78% increase in median value, while Units have seen a 56.81% increase. As at 30 September 2024:
- The median value for Houses in Bibra Lake is $873,867 while the median value for Units is $406,558.
- Houses have a median rent of $690 while Units have a median rent of $410.
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