OFF MARKET

319 Stirling Highway
Claremont WA 6010

Bedrooms: -
Bathrooms: -
Car spaces: 9
Land area: 515m2
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Property Details for 319 Stirling Hwy, Claremont

Building Type
Commercial
Land Size
515m2
Local Government
Claremont
Lot/Plan
3/D004043

Last Listing description (June 2023)

As exclusive agent, we are presenting astute investors or partial owner-occupiers with a rare opportunity to secure 319 Stirling Highway via Offers Invited in the tightly held Claremont town centre precinct.

Bathing in natural light, 319 Stirling Highway sits on 515m* of land and comprises of a two level retail / commercial building offering 4 individual tenancy income streams including Subway, Terri Terri Japanese and Fancy Nails.

The total lettable area of 379.5m* is split between ground floor which provides 185m* of occupied retail and first floor which provides 194.5m* recently vacated accommodation currently fitted out as a health studio. The first floor could also lend itself to office or consulting (STCA).

Additional features include fantastic business & signage exposure and 9 car parking bays situated at the front of the property. The building is a low-maintenance offering with low outgoings and presents value-add with long-term redevelopment potential.

Key Highlights include:
Net Passing Income: $136,696* pa + GST
Estimated Fully Leased Net Income: $185,321* pa + GST
Strong lease expiry profile
Annual rental growth
Tenants that have long-standing and well established businesses
All tenancies offer direct street frontage, are supplied with individual services and all operate independently
An outstanding retail / commercial investment located in a premier Western Suburb
Highly visible location
Redevelopment potential
Excellent natural light and outlook from Level 1
Ample parking available for clients and staff within 100 metres
Less than 200 metres from Claremont train station
High underlying land value in proportion to the capitalised asset value

Location:
The property is extremely well located in the heart of Claremont near the corner of Bay View Terrace and Stirling Highway. The property provides excellent access to the Western Suburbs, Perth's road network, public transport and local amenity. The city centres of Perth and Fremantle are a short drive away making it such a desirable location.

Land Area:
515m*

Building Area:
379.5m*

Car Bays:
9 open bays situated at the front of the property

Plot Ratio:
2:1

Heritage:
Nil

For Sale:
Offers Invited closing 2pm (WST) 28th February 2022

Information Memorandum:
Available upon request from Exclusive Selling Agent.

For further information on this property, or to arrange an inspection, contact the Exclusive Selling Agent Jack Bradshaw on 0439 095 336.

* approximate
(STCA) Subject to Council Approval

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Property History for 319 Stirling Hwy, Claremont, WA 6010

A timeline of how this property has performed in the market
Listed for Rent
06 Dec 2022
  • 16 Feb 2022
    Listed for Sale Offers Invited closing 2pm (WST) 28th February

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About Claremont 6010

The size of Claremont is approximately 4 square kilometres. It has 18 parks covering nearly 25% of total area. The population of Claremont in 2011 was 7,592 people. By 2016 the population was 8,157 showing a population growth of 7.4% in the area during that time. The predominant age group in Claremont is 20-29 years. Households in Claremont are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Claremont work in a professional occupation. In 2011, 62.7% of the homes in Claremont were owner-occupied compared with 63.4% in 2016.

Claremont has 5,387 properties. Over the last 5 years, Houses in Claremont have seen a 45.82% increase in median value, while Units have seen a 58.00% increase. As at 30 November 2024:

  • The median value for Houses in Claremont is $2,031,966 while the median value for Units is $933,663.
  • Houses have a median rent of $1,300 while Units have a median rent of $750.
There are currently 25 properties listed for sale, and 12 properties listed for rent in Claremont on OnTheHouse. According to CoreLogic's data, 255 properties were sold in the past 12 months in Claremont.

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