'Correia's Arcade' 6 Robinson Street, Carnarvon is for sale as a secure commercial property investment offering a net rental of $347,685 p.a. with a 7% plus Net Yield. This superb opportunity comprises 4 long term tenancies in the thriving regional centre of Carnarvon located in the heart of the Carnarvon CBD on the main street over looking the towns central waterway known as the Fascine. The main tenants comprise of two State Government tenants being the Minister for Works (Department of Child Protection) and FESA as a Ministerial body under the Minister for Works. These two tenancies account for 58% of the lettable area. The other main tenant is Pharmacy 777 and being 29% of the lettable area. Highlights include:- Net Income: $347,685pa*- Prime waterfront positioning- Iconic office retail complex- Government Tenancies - 58% of Lettable Area - Pharmacy 777 - 22% of Lettable Area - Significant tenant car parking at rear- Land area - 1,254sqm- Lettable Area - 865.25sqmFor more information please contact: Phil Zoiti Ray White Commercial (WA)M: 0419 993 656E: phil.zoiti@raywhite.comBrett WilkinsRay White Commercial (WA)M: 0478 611 168E: brett.wilkins@raywhite.com*approximate
The size of Carnarvon is approximately 4.9 square kilometres. It has 4 parks covering nearly 2.9% of total area. The population of Carnarvon in 2011 was 224 people. By 2016 the population was 204 showing a population decline of 8.9% in the area during that time. The predominant age group in Carnarvon is 50-59 years. Households in Carnarvon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Carnarvon work in a trades occupation. In 2011, 64.2% of the homes in Carnarvon were owner-occupied compared with 56.4% in 2016.
Carnarvon has 246 properties. Over the last 5 years, Houses in Carnarvon have seen a 60.03% increase in median value, while Units have seen a 28.94% increase. As at 31 October 2024:
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