SOLD
Sold on 15 Jan 2024 for $2,050,000

2/11 Mallaig Way
Canning Vale WA 6155

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 940m2
Land area: 937m2
Sold By
David Lamb
MLV Real Estate
Stefan Quaresimin
MLV Real Estate
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Property Details for 2/11 Mallaig Way, Canning Vale

Building Type
Commercial
Year Built
2008
Floor Size
940m2
Land Size
937m2
Local Government
Canning
Lot/Plan
2/S056059

Last Listing description (March 2024)

MLV as exclusive agents are please to present to market Unit 2, 11 Mallaig Way, a functional and modern Office / Warehouse Unit in the heart of the Canning Vale industrial area. Presented is an excellent opportunity to acquire an interest in one of Perth's most sought after Industrial locations. Fully leased until 31/10/2025 with a current rental of $113,882 pa plus GST and Outgoings we highly recommend all Buyers look into this opportunity.

Office: 66sqm (over two levels)
Warehouse: 871 sqm

Total: 937 sqm

Investment Highlights:
3 Years + 3 Years
Commencement 01/11/2022
Lessee: PWB Anchor Limited, Kito PWB (Part of Kito Group)
Passing Rent: $113,882.98 pa plus GST and All Outgoings (inc Management Fees and Land Tax)
Annual 3% Increases (Market Review 2025)
Multi-National Tenant
Security Bond of $28,500

Property Highlights:
871 sqm Warehouse (18.76m x 46.44m Deep Approx.)
Three-Phase Power
Circa 8m Truss Height
6m x 5m Roller Door
Split System A/C to Office Areas
Alarm
10 Car Bays

For further information or to arrange an inspection please contact the exclusive agents Stefan Quaresimin on 0421 929 686 or David Lamb on 0411 597 952

Property History for 2/11 Mallaig Way, Canning Vale, WA 6155

A timeline of how this property has performed in the market
Last Sold
$2,050,000
15 Jan 2024
Listed for Rent
$85k/w
21 Aug 2019
  • 15 Jan 2024
    Sold for $2,050,000
  • 23 Nov 2023
    Listed for Sale UNDER OFFER
  • 21 Aug 2019
    Listed for Rent $80,000 / year
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About Canning Vale 6155

The size of Canning Vale is approximately 25.4 square kilometres. It has 71 parks covering nearly 17.1% of total area. The population of Canning Vale in 2011 was 30,665 people. By 2016 the population was 33,069 showing a population growth of 7.8% in the area during that time. The predominant age group in Canning Vale is 40-49 years. Households in Canning Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Canning Vale work in a professional occupation. In 2011, 82.8% of the homes in Canning Vale were owner-occupied compared with 81% in 2016.

Canning Vale has 13,473 properties. Over the last 5 years, Houses in Canning Vale have seen a 81.64% increase in median value, while Units have seen a 71.88% increase. As at 30 September 2024:

  • The median value for Houses in Canning Vale is $960,250 while the median value for Units is $610,679.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 81 properties listed for sale, and 22 properties listed for rent in Canning vale on OnTheHouse. According to CoreLogic's data, 461 properties were sold in the past 12 months in Canning vale.

Suburb Insights for Canning Vale 6155

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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.