OFF MARKET

1 Frances Road
Gelorup WA 6230

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 805m2
Land area: 6539m2
We do not have enough data to display the calculated estimate for this property.
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Property Details for 1 Frances Rd, Gelorup

Building Type
Commercial
Year Built
1950
Floor Size
805m2
Land Size
6539m2
Local Government
Capel
Lot/Plan
9000/P418084

Last Listing description (May 2022)

This property is very well located on the corner of Bussell Highway and Frances Road in Gelorup The property is currently part way through a 3-year lease with 2 further options to renew for 3 years and showing a good rental return. The property is currently being used as a warehouse for a laundry business that has been operating from the premises for over 15 years. The buildings are approximately 850sqm and the land sits on 2 lots which total 6,690sqm in size. The property sits on the edge of a new residential subdivision and operates under a non-conforming use. Access to the property is from two large gates at the rear and side of the property which allows for easy access and departure of vehicles to the passing highway.
The passing traffic from this property is incredible and offers any tenant plenty of exposure and marketing opportunities to the large amounts of motorists passing.

There is a full IM available on request and completion of a confidentiality disclosure.

Property History for 1 Frances Rd, Gelorup, WA 6230

A timeline of how this property has performed in the market
Last Sold
$800,000
02 Jul 2021
  • 02 Jul 2021
    Sold for $800,000
  • 15 Feb 2021
    Listed for Sale Price Upon Application

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About Gelorup 6230

The size of Gelorup is approximately 24.8 square kilometres. It has 7 parks covering nearly 1.5% of total area. The population of Gelorup in 2011 was 2,180 people. By 2016 the population was 2,297 showing a population growth of 5.4% in the area during that time. The predominant age group in Gelorup is 10-19 years. Households in Gelorup are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gelorup work in a professional occupation. In 2011, 91.3% of the homes in Gelorup were owner-occupied compared with 90.1% in 2016.

Gelorup has 928 properties. Over the last 5 years, Houses in Gelorup have seen a 89.80% increase in median value, while Units have seen a -43.85% decrease. As at 31 October 2024:

  • The median value for Houses in Gelorup is $956,018 while the median value for Units is $539,187.
  • Houses have a median rent of $450.
There are currently 12 properties listed for sale, and no properties listed for rent in Gelorup on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Gelorup.

Suburb Insights for Gelorup 6230

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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.