SOLD
Sold on 29 Sep 2024 for $930,000

8 Florence Way
Bilingurr WA 6725

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1551m2
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Property Details for 8 Florence Way, Bilingurr

Building Type
Commercial
Land Size
1551m2
Local Government
Broome
Lot/Plan
2711/P217704

Last Listing description (December 2024)

Situated in convenient centrally located Blue Haze is this solid investment.
Leased by Greyhound Freight this property offers a hassle free investment with the tenant being in situ for over a decade.
The current lease period with Greyhound expires Sept 14 2028 with a 5 year option.

The current net rent is $84,672per annum with the tenant responsible for all outgoings incl. Management Fees .
The property improvements include a 200sqm warehouse plus caretakers quarters and ablutions perfect for a freight company
1551 sqm fully fenced easy care industrial lot
Perfect for a set and forget investment
All enquiries Tony Hutchinson 0418938198

Property History for 8 Florence Way, Bilingurr, WA 6725

A timeline of how this property has performed in the market
Last Sold
$930,000
29 Sep 2024
  • 29 Sep 2024
    Sold for $930,000
  • 21 Feb 2024
    Listed for Sale $995,000
  • 10 May 2003
    Sold for $335,000

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About Bilingurr 6725

The size of Bilingurr is approximately 12.7 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of Bilingurr in 2011 was 5,156 people. By 2016 the population was 1,343 showing a population decline of 74.0% in the area during that time. The predominant age group in Bilingurr is 30-39 years. Households in Bilingurr are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Bilingurr work in a professional occupation. In 2011, 41.4% of the homes in Bilingurr were owner-occupied compared with 42% in 2016.

Bilingurr has 807 properties. Over the last 5 years, Houses in Bilingurr have seen a 40.03% increase in median value, while Units have seen a 73.23% increase. As at 30 November 2024:

  • The median value for Houses in Bilingurr is $770,664 while the median value for Units is $452,321.
  • Houses have a median rent of $1,100 while Units have a median rent of $650.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Bilingurr on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Bilingurr.

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Hutchinson Real Estate
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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.