SOLD
Sold on 15 Aug 2024 for $1,100,000

8 Lucas Street
Broome WA 6725

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 863m2
Land area: 4139m2
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Property Details for 8 Lucas St, Broome

Building Type
Commercial
Floor Size
863m2
Land Size
4139m2
Local Government
Broome
Lot/Plan
1679/P215912

Last Listing description (October 2024)

Hutchinson Real Estate is delighted to present to you an exceptional opportunity: a significant industrial property that is now available for sale on behalf of George Weston Foods Ltd. Situated strategically, this property boasts an expansive site spanning over 4,139 square meters, featuring a massive warehouse covering approximately 710 square meters.

Upon inspection, you will find a sizable warehouse, providing ample space for various industrial activities. Moreover, the property includes a framed caretaker's residence, although currently uninhabitable due to termite damage, presents an opportunity for potential rebuilding or redevelopment to suit your specific needs and preferences.

Complementing the main structures are two portable buildings and a caravan, offering additional flexibility and versatility for utilization or potential rental income streams. Furthermore, the property encompasses a generously sized bituminized car park, ensuring convenient parking arrangements for staff and visitors alike.

Beyond the existing structures lies a significant portion of undeveloped land, providing ample room for expansion, future developments, or other creative endeavors. This surplus land offers potential for various enhancements or additional facilities, allowing you to maximize the property's value and adapt it to your evolving business requirements.

Strategically positioned in a central location, this property presents a prime investment opportunity with access to major transport routes, commercial hubs, and essential amenities. Whether you're seeking a new industrial base, an investment opportunity with lucrative potential, or a redevelopment project, this property offers endless possibilities.

Don't miss out on this unique opportunity to secure a centrally located industrial site with significant potential for growth and development. Contact Hutchinson Real Estate today to arrange a viewing and explore the possibilities that await you with this remarkable property. Opportunity knocks - seize it now and unlock the future potential of this exceptional investment..

Large site area of 4,139sqm
Wide frontage to Lucas Street of 80m
Regular rectangular shaped Lot.
Potential to sub-divide site
Main shed - 710sqm Office/Ablutions - 45sqm
Caretakers Residence - 108sqm
Bituminised hard stand
Zoned 'Light Industry'.
Excess undeveloped land on site. -
Sold with Vacant Possession.

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Property History for 8 Lucas St, Broome, WA 6725

A timeline of how this property has performed in the market
Last Sold
$1,100,000
15 Aug 2024
  • 15 Aug 2024
    Sold for $1,100,000
  • 25 Mar 2024
    Listed for Sale $1,200,000 ex GST
  • 18 Jun 2015
    Listed for Sale $1,475,000 + GST (negotiable)
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About Broome 6725

The size of Broome is approximately 5.8 square kilometres. It has 9 parks covering nearly 3.5% of total area. The population of Broome in 2011 was 4,290 people. By 2016 the population was 4,042 showing a population decline of 5.8% in the area during that time. The predominant age group in Broome is 30-39 years. Households in Broome are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Broome work in a professional occupation. In 2011, 33.7% of the homes in Broome were owner-occupied compared with 35.3% in 2016.

Broome has 2,223 properties. Over the last 5 years, Houses in Broome have seen a 56.21% increase in median value, while Units have seen a 59.85% increase. As at 31 October 2024:

  • The median value for Houses in Broome is $556,238 while the median value for Units is $379,817.
  • Houses have a median rent of $850 while Units have a median rent of $695.
There are currently 33 properties listed for sale, and 20 properties listed for rent in Broome on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Broome.

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