OFF MARKET

6 Tobruk Road
Jerramungup WA 6337

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 220m2
Land area: 1915m2
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Property Details for 6 Tobruk Rd, Jerramungup

Building Type
Commercial
Year Built
1980
Floor Size
220m2
Land Size
1915m2
Local Government
Jerramungup
Lot/Plan
20/P207409

Last Listing description (November 2024)

Take advantage of a rare opportunity to acquire a versatile light industrial property with an established fixed lease, situated on the bustling Main Street of Jerramungup.

Property Highlights:
Prime Location: Located on Main Street, this property enjoys high visibility, convenient access, and is perfectly positioned for business exposure.

Secure Lease: Secure, income-generating asset with an active fixed term lease in place. An ideal choice for investors seeking stability.
Light Industrial Space: Spacious interior suitable for a variety of uses.
Brick Shop Front: Attractive brick facade gives a professional look, adding curb appeal and timeless character to the property.
Growing Community: Situated in Jerramungup, a community known for its growth in agriculture and small business, making this location ripe for business opportunities.

Lease Details
Annual Rent: $19,524 per year (exclusive of GST) with rent review dates in place.
Outgoings: Water and Council Rates, electricity, telephone and water usage.
Lease Terms: Current lease from 1 October 2022 to 30 September 2025, with an option term of another 2 years.
Long Standing Tenant: Current tenant has occupied the building since 2013.

Whether you're an investor looking for a solid income stream or a business owner seeking a prime space with built-in revenue, this light industrial building offers the best of both worlds.

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Property History for 6 Tobruk Rd, Jerramungup, WA 6337

A timeline of how this property has performed in the market
Last Sold
$175,000
23 Nov 2008
  • 01 Nov 2024
    Listed for Sale $195,000
  • 02 Apr 2016
    Listed for Sale Not Disclosed
  • 26 Oct 2012
    Listed for Sale 250000
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About Jerramungup 6337

The size of Jerramungup is approximately 1,072.3 square kilometres. It has 3 parks covering nearly 25.5% of total area. The population of Jerramungup in 2011 was 482 people. By 2016 the population was 354 showing a population decline of 26.6% in the area during that time. The predominant age group in Jerramungup is 30-39 years. Households in Jerramungup are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Jerramungup work in a managers occupation. In 2011, 60% of the homes in Jerramungup were owner-occupied compared with 53.5% in 2016.

Jerramungup has 317 properties. Over the last 5 years, Houses in Jerramungup have seen a 94.96% increase in median value, while Units have seen a -87.10% decrease. As at 31 October 2024:

  • The median value for Houses in Jerramungup is $182,767 while the median value for Units is $262,347.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Jerramungup on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Jerramungup.

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