SOLD
Sold on 14 Jun 2024 for $6,475,000

115 Dixon Road
East Rockingham WA 6168

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 176m2
Land area: 2941m2
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Property Details for 115 Dixon Rd, East Rockingham

Building Type
Commercial
Year Built
2024
Floor Size
176m2
Land Size
2941m2
Local Government
Rockingham
Lot/Plan
10/P020401

Last Listing description (July 2024)

+ New 15-year lease to 2038+ Viva pays all outgoings incl. land tax+ Fixed 3% rent increasesBurgess Rawson are pleased to offer to the market Viva Energy Convenience Retail Investment at 115 Dixon Road East Rockingham WA for sale via Auction Investment Portfolio 169.The property has the following key investment highlights:+ Brand new fifteen (15) year lease to 2038 with a four further five (5) year options to 2058+ Strong and certain rental growth with fixed 3% rent increases annually+ Landlord-favourable lease terms with tenant responsible for all usual outgoings including land tax and management fees ($13,132.5 per year)+ Viva Energy Limited (ASX: VEA): Blue-chip $5.5 billion ASX200 company & Shell's Australian licensee controlling 20% of the retail fuel market (1)+ Major arterial location with 26,000* cars and 2,200* heavy vehicles passing daily with direct connection to Kwinana Freeway linking Western Australia's major freeways and arterials (2)+ Brand new 2023 construction, offering state-of-the-art fuel infrastructure and tax-saving depreciation benefits+ Substantial retail store built to Liberty's impressive corporate layout and convenience retail design and dual-fuel canopies with a separate truck canopy+ Prominent 2,941sqm* corner freehold site with 4 crossovers including important truck ingress and egress+ Outstanding 142 meters* of frontage and exposure (2)+ Within a 5km radius of the site, over 30,500 vehicles spend a total of $51.81 million of fuel annually (2)+ East Rockingham: Booming metro Perth industrial and logistic precinct within proximity of major national tenants Toll & QUBE Logistics, Elders, Reece, Fenner and Veolia Waste Management+ City of Rockingham: Population of over 149,000 and the city is forecast to grow 55% to 232,000 by 2046 (3)+ Net Income: $437,750 pa* + GST as of August 2024To be sold by Investment Portfolio Auction (unless sold prior):10:30am AESTWednesday, 26 June 2024Crown Casino, Melbourne*Approximately1 - ASX - 25/05/20242 - Gapmaps3 - Forecast id

Property History for 115 Dixon Rd, East Rockingham, WA 6168

A timeline of how this property has performed in the market
Last Sold
$6,475,000
14 Jun 2024
  • 14 Jun 2024
    Sold for $6,475,000
  • 12 Jun 2024
    Listed for Sale Price on Application
  • 02 Oct 2023
    Listed for Sale $6,800,000
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About East Rockingham 6168

The size of East Rockingham is approximately 8.7 square kilometres. It has 10 parks covering nearly 14.3% of total area. The population of East Rockingham in 2011 was 112 people. By 2016 the population was 262 showing a population growth of 133.9% in the area during that time. The predominant age group in East Rockingham is 60-69 years. Households in East Rockingham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Rockingham work in a labourer occupation. In 2011, 78.2% of the homes in East Rockingham were owner-occupied compared with 72.1% in 2016..

East Rockingham has 216 properties. Over the last 5 years, Houses in East Rockingham have seen a 55.79% increase in median value. As at 31 October 2024:

  • The median value for Houses in East Rockingham is $1,020,116.
There are currently 3 properties listed for sale, and 3 properties listed for rent in East rockingham on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in East rockingham.

Suburb Insights for East Rockingham 6168

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Burgess Rawson
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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.