OFF MARKET

60 Banks Avenue
Hillarys WA 6025

Bedrooms: 4
Bathrooms: 1
Car spaces: 3
Floor area: 146m2
Land area: 684m2
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Last updated 27 Nov 2023
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Property Details for 60 Banks Ave, Hillarys

Building Type
Commercial
Year Built
1977
Floor Size
146m2
Land Size
684m2
Local Government
Joondalup
Lot/Plan
282/P009878

Last Listing description (December 2020)

For sale by Openn Negotiation (flexible conditions auction conducted online). The Openn Negotiation is underway and the property can sell at any time. Contact the agent immediately to become qualified and avoid disappointment. Open to all buyers, including finance, subject to the sellers approval.All the hard work has been done!!!This previously converted 4 Bedroom 1 Bathroom residential property has recently been transformed into commercial premises in a high visibility area of Hillarys.The City of Joondalup has already granted planning approval for commercial use and issued an indefinite Commercial Occupancy Permit for the whole building.Situated on a 684sqm block in the exclusive R80 zoned area ( mixed use options) , there are numerous possibilities for a savvy new owner. The current owner is flexible and willing to either agree on a 5-year commercial lease to rent back the property or grant vacant possession upon settlement. Given the proximity of the property to the Whitfords shopping and entertainment centre, this location provides an enviable opportunityKey other features to note include :- Sharp, clean professional image- Spacious entry- Generous Boardroom- 3x full sized offices / meeting rooms- 7x workstations / additional office space- 3 parking bays (including turn around space)- Spacious bathroom/toilet - Full Kitchen, all functioning + dishwasher- Fully Wheelchair accessible- Ducted Reverse Cycle Air-Conditioning - Monitored Alarm System- LED Lighting- Solar Panels- Quality flooring- Rear access to covered function area- Established native gardens- Minimal yard maintenance required- Reticulation- 146sqm total floor area- Secure tenant - or break lease optionTo read more about the Whitfords Activity Centre Plan, see : https://www.joondalup.wa.gov.au/wp-content/uploads/2018/07/Whitfords-Activity-Centre-Plan.pdfConjunctions are welcome from all agents & private viewings are available by appointment

Property History for 60 Banks Ave, Hillarys, WA 6025

A timeline of how this property has performed in the market
Last Sold
$930,000
23 Nov 2020
Listed for Rent
$530/w
17 Feb 2015
  • 23 Nov 2020
    Sold for $930,000
  • 05 Oct 2020
    Listed for Sale Under Offer !!!
  • 13 Sep 2019
    Listed for Sale Offers
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About Hillarys 6025

The size of Hillarys is approximately 6.4 square kilometres. It has 24 parks covering nearly 19.3% of total area. The population of Hillarys in 2011 was 10,680 people. By 2016 the population was 10,847 showing a population growth of 1.6% in the area during that time. The predominant age group in Hillarys is 50-59 years. Households in Hillarys are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Hillarys work in a professional occupation. In 2011, 81% of the homes in Hillarys were owner-occupied compared with 82.6% in 2016.

Hillarys has 4,743 properties. Over the last 5 years, Houses in Hillarys have seen a 75.88% increase in median value, while Units have seen a 64.93% increase. As at 30 September 2024:

  • The median value for Houses in Hillarys is $1,384,379 while the median value for Units is $840,238.
  • Houses have a median rent of $800 while Units have a median rent of $680.
There are currently 26 properties listed for sale, and 5 properties listed for rent in Hillarys on OnTheHouse. According to CoreLogic's data, 157 properties were sold in the past 12 months in Hillarys.

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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.