4 Fringed WayEllenbrook WA 6069
Property Details for 4 Fringed Way, Ellenbrook
Last Listing description (October 2023)
MULTI TENANTED FREEHOLD PROPERTY
- Securely Leased Investment
- Multi-Tenanted
This conveniently located asset consists of 4,401sqm of land with 2,164m2 of net lettable area in Ellenbrook's commercial district with neighbours including Bunnings and BCF.
This multi-tenanted freehold investment comprises five high quality tenancies with strong leases benefiting from 52 on-site car bays and further off-street car parking.
Returning $432,800 plus Outgoings plus GST pa (approx.)
5 separate high quality tenancies including Australia Post, Good Sammy, Smileys Home Improvements and Cash Converters.
- Net Rent = $432,800 + Outgoings + GST p.a.
- Unit 1 - $119,200 + + p.a. Lease expiry 27/04/2027 plus options Tenant - Good Samaritan Industries - Retail Lease
- Unit 2 - $55,600 + + p.a. Lease expiry two years from settlement date
- Unit 3 - $51,600 + + p.a. Lease expiry 28/02/2029 Tenant - Cash Converters (Stores) Pty Ltd - Retail Lease
- Unit 4 - $60,000 + + p.a. Lease expiry 30/06/2027 Tenant - Smileys Home Improvements Pty Ltd
- Unit 5 - $146,400 + + p.a. Lease Expiry 30/04/2030 Tenant - Australian Postal Corporation
Ellenbrook is a rapidly developing residential and commercial area of Perth with the nearby Ellenbrook train station expected to open in January 2024. This is located only 4 blocks away from the subject property.
Enquire now to Scott Durell at Realty Source on 0400 500 288.
Property History for 4 Fringed Way, Ellenbrook, WA 6069
- 03 Oct 2023Sold for $6,000,000
- 04 Jun 2023Listed for Sale $6,400,000
- 11 May 2021Listed for Rent $200 / year
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About Ellenbrook 6069
The size of Ellenbrook is approximately 13.1 square kilometres. It has 47 parks covering nearly 23.3% of total area. The population of Ellenbrook in 2011 was 16,285 people. By 2016 the population was 22,678 showing a population growth of 39.3% in the area during that time. The predominant age group in Ellenbrook is 0-9 years. Households in Ellenbrook are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ellenbrook work in a trades occupation. In 2011, 74.5% of the homes in Ellenbrook were owner-occupied compared with 74.6% in 2016.
Ellenbrook has 10,601 properties. Over the last 5 years, Houses in Ellenbrook have seen a 103.36% increase in median value, while Units have seen a 81.75% increase. As at 31 July 2024:
- The median value for Houses in Ellenbrook is $697,202 while the median value for Units is $413,616.
- Houses have a median rent of $650 while Units have a median rent of $545.
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