SOLD
Sold on 11 Sep 2023 for $4,070,000

374 Scarborough Beach Road
Innaloo WA 6018

Bedrooms: -
Bathrooms: -
Car spaces: 20
Floor area: 1138m2
Land area: 1138m2
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Property Details for 374 Scarborough Beach Rd, Innaloo

Building Type
Commercial
Year Built
1948
Floor Size
1138m2
Land Size
1138m2
Local Government
Stirling
Lot/Plan
206/P006290

Last Listing description (September 2023)

Cygnet West are pleased to present to the market for sale or lease, a two-storey office building that is well suited to an owner-occupier, investor, developer or ready to move tenant.

Key Features:

Well-presented suburban two story commercial building with 959sqm NLA and fantastic natural light
High quality existing fitout in place which can be modified to suit
100% leased to Sage Software Australia Pty Ltd until June 2023.
Circa 1,138sqm landholding with dual street frontage to Scarborough Beach Road and Wotan Street.
Site has been identified as the Western Gateway to the Stirling City Centre.
Excellent exposure to a high traffic corridor with over 30,000 passing vehicles daily (MainRoads 20/21).
Zoned for Development with potential for six storey mixed-use building STCA.

374 Scarborough Beach Road is a well presented, two storey suburban commercial office building. The premises is fully fitted and furnished including a reception waiting area, training room, boardroom, meeting rooms/offices, open plan workstations, and a large breakout/kitchen area on the first floor.

The building enjoys excellent accessibility, with convenient access to the Mitchell Freeway and a bus stop right at the doorstep. Additionally, the property offers 20 on-site car bays available for lease at just $200/bay/month + GST.

ASKING PRICE
Available via Offers Invited.

For sales enquiries please contact Henry Vu on 0434659910 or Tory Packer on 0434659909.

For leasing enquiries please contact Abbey Agostino on 0434650852 or Dustin May on 0434659809.

*approximate measurements

Property History for 374 Scarborough Beach Rd, Innaloo, WA 6018

A timeline of how this property has performed in the market
Last Sold
$4,070,000
11 Sep 2023
Listed for Rent
29 Mar 2023
  • 11 Sep 2023
    Sold for $4,070,000
  • 29 Mar 2023
    Listed for Rent - Price not available
  • 05 Oct 2020
    Listed for Sale Offers to Purchase
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About Innaloo 6018

The size of Innaloo is approximately 3.2 square kilometres. It has 11 parks covering nearly 7.1% of total area. The population of Innaloo in 2011 was 7,647 people. By 2016 the population was 8,250 showing a population growth of 7.9% in the area during that time. The predominant age group in Innaloo is 30-39 years. Households in Innaloo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Innaloo work in a professional occupation. In 2011, 57.3% of the homes in Innaloo were owner-occupied compared with 56.8% in 2016.

Innaloo has 5,926 properties. Over the last 5 years, Houses in Innaloo have seen a 69.52% increase in median value, while Units have seen a 91.37% increase. As at 31 July 2024:

  • The median value for Houses in Innaloo is $955,811 while the median value for Units is $747,262.
  • Houses have a median rent of $723 while Units have a median rent of $650.
There are currently 26 properties listed for sale, and 8 properties listed for rent in Innaloo on OnTheHouse. According to CoreLogic's data, 305 properties were sold in the past 12 months in Innaloo.

Suburb Insights for Innaloo 6018

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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.