SOLD
RECENT ADVICE
Sold on 10 Jul 2024 for $370,000

9/40 Cocos Drive
Bibra Lake WA 6163

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 110m2
Land area: 110m2
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Property Details for 9/40 Cocos Dr, Bibra Lake

Building Type
Commercial
Year Built
2008
Floor Size
110m2
Land Size
110m2
Local Government
Cockburn
Lot/Plan
9/S054976

Last Listing description (July 2024)

This securely leased investment has a strong tenant with 3+1=1 lease.
Showing a current net return of $15,394pa plus GST and all outgoings paid by tenant.
Popular Cocos Drive address makes it easy to lease if ever a vacancy arises.

It' a neat setup with a nicely balanced office/warehouse combo.
Set and forget for now and just watch your investment grow as the rent rises each and every year.
Contact Glen O'Brien if you have an inkling of interest, but don't delay, bite sized industrial opportunities like this are rare.

Property History for 9/40 Cocos Dr, Bibra Lake, WA 6163

A timeline of how this property has performed in the market
Last Sold
$370,000
10 Jul 2024
Listed for Rent
29 Mar 2014
  • 10 Jul 2024
    Sold for $370,000
  • 20 Jun 2024
    Listed for Sale Mid to High $300's
  • 09 Jun 2023
    Sold for $330,000
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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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Contact agent
Glen O'Brien
Show contact details
Salt Sales Team
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Salt Property Group
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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.