SOLD
Sold on 09 Aug 2024 for $3,450,000

5 Charlotte Street
Dardanup WA 6236

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 460m2
Land area: 1172m2
Sold By
Elders Southern Districts Estate Agency - Bunbury
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Property Details for 5 Charlotte St, Dardanup

Building Type
Commercial
Year Built
1935
Floor Size
460m2
Land Size
1172m2
Local Government
Dardanup
Lot/Plan
32/D015528

Last Listing description (August 2024)

Sterling Property & Harrper Projects as joint-exclusive selling agents are pleased to present 5 Charlotte Street, Dardanup (WA); a strong performing Childcare Investment opportunity For Sale by Private Treaty.- 15 Year lease expiring January 2038 with 1 x 10 year option- Securely leased to experienced South-West operator, Young Bucks Early Learning- Net Income: $262,238 + GST- Tenant pays all outgoings- Fixed 3% annual rent increases- Located approximately 15kms from the Bunbury CBD; with Greater Bunbury WA's third biggest City behind Perth & Mandurah- Situated on the main road into Town, nearby to commercial amenity & a short 2-minute drive from Dardanup Primary School- Recently constructed two-storey Childcare Centre licensed for 67-places- Significant depreciation benefits- Currently no competing Childcare services within the immediate catchment - Childcare is a highly sought-after asset class favoured for its defensive characteristics: long term leases, fixed rental increases, strong tenant covenants and underpinned by significant Government funding offering investors secure, long-term returns.Currently trading at approximately 70% occupancy, astute investors have an opportunity to acquire 5 Charlotte Street, Dardanup, for an asking price of $3.7 million.To request a copy of the Information Memorandum or discuss the opportunity further, please contact the Joint Exclusive Selling Agents Sterling Property or Harrper Projects.

Property History for 5 Charlotte St, Dardanup, WA 6236

A timeline of how this property has performed in the market
Last Sold
$3,450,000
09 Aug 2024
  • 09 Aug 2024
    Sold for $3,450,000
  • 06 Aug 2024
    Listed for Sale $3,700,000
  • 08 Aug 2023
    Listed for Sale Price on Request
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About Dardanup 6236

The size of Dardanup is approximately 7 square kilometres. It has 1 park covering nearly 0.4% of total area. The population of Dardanup in 2011 was 430 people. By 2016 the population was 500 showing a population growth of 16.3% in the area during that time. The predominant age group in Dardanup is 40-49 years. Households in Dardanup are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dardanup work in a trades occupation. In 2011, 75.2% of the homes in Dardanup were owner-occupied compared with 79.2% in 2016.

Dardanup has 379 properties. Over the last 5 years, Houses in Dardanup have seen a 85.75% increase in median value. As at 31 October 2024:

  • The median value for Houses in Dardanup is $619,641 while the median value for Units is $489,822.
  • Houses have a median rent of $340.
There are currently 2 properties listed for sale, and no properties listed for rent in Dardanup on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Dardanup.

Suburb Insights for Dardanup 6236

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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.