OFF MARKET

5 Ashford Street
Centennial Park WA 6330

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 115m2
Land area: 1003m2
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Property Details for 5 Ashford St, Centennial Park

Building Type
Land
Year Built
1978
Floor Size
115m2
Land Size
1003m2
Local Government
Albany
Lot/Plan
7/P000301

Last Listing description (June 2023)

This substantial holding in an established industrial and retail area just outside the CBD presents an outstanding opportunity for an investor or tradie.

It consists of a 1998sqm block with four industrial sheds, all generating cash-flow from current leasing arrangements and excellent prospects for a profitable income as well as a diversity of potential for use.

The land is flat with ample space for parking and moving big vehicles, and the property's convenient location and proximity to amenities enhance its attraction to occupants.

All the sheds are suitable for tradespeople working in the areas of construction, machinery or vehicles, for small-scale manufacturing or for storing materials. They are steel buildings with concrete floors and have power connected.

Three are on one side of the block and the fourth occupies the other half on its own.
The tenancy of the first shed, at the front of the row of three, is currently managed by the owners in a private arrangement. This shed has a footprint of approximately 120sqm.

The middle of the three is leased until December 2022 at $446 a month. Of 79sqm, this has a sloping roof and high-clearance doors.

At the back, the third shed is of 117sqm. This has a gable roof with some natural light and high-clearance doors, and is leased until November 2023 at $718 a month.

Even greater options are presented by the shed on the other side, with 180sqm of floor space, a gable roof and high clearance doors for moving vehicles and equipment. Returning a monthly rental of $934, this building is leased until March 2023.

There's a shared toilet for the tenants, and food and coffee outlets are close by.
Discuss the advantages of this exceptional real estate with Carly Szczecinski of Merrifield Real Estate.

What you need to know:
- 1998sqm block with four trade sheds
- Established retail and industrial area just outside CBD
- Steel sheds with concrete floors and power connected
- All generating good returns from leasing arrangements
- Shed A with footprint of approximately 120sqm
- Shed B with high-clearance doors, sloping roof, 79sqm
- Shed C of 117sqm, gable roof, high-clearance doors
- 180sqm shed, gable roof, high-clearance doors
- Ample space for parking and moving big vehicles
- Shared toilet
- Near coffee and food outlets and other amenities
- Ideal opportunity for investor or tradie
- Council rates $3,629.3
- Water rates $1,644.52

Property History for 5 Ashford St, Centennial Park, WA 6330

A timeline of how this property has performed in the market
Listed for Rent
$135/w
01 Nov 2019
  • 21 Nov 2022
    Listed for Sale $450,000 Plus GST
  • 18 Oct 2019
    Listed for Rent $7,002 / year
  • 26 Nov 2018
    Listed for Rent $4,650 / year
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About Centennial Park 6330

The size of Centennial Park is approximately 2 square kilometres. It has 1 park covering nearly 28% of total area. The population of Centennial Park in 2011 was 568 people. By 2016 the population was 620 showing a population growth of 9.2% in the area during that time. The predominant age group in Centennial Park is 70-79 years. Households in Centennial Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Centennial Park work in a trades occupation. In 2011, 51% of the homes in Centennial Park were owner-occupied compared with 53.8% in 2016.

Centennial Park has 842 properties. Over the last 5 years, Houses in Centennial Park have seen a 51.83% increase in median value, while Units have seen a 17.54% increase. As at 31 August 2024:

  • The median value for Houses in Centennial Park is $503,673 while the median value for Units is $233,417.
  • Houses have a median rent of $380 while Units have a median rent of $410.
There are currently 20 properties listed for sale, and 7 properties listed for rent in Centennial park on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Centennial park.

Suburb Insights for Centennial Park 6330

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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.