OFF MARKET

4/50 Jersey Street
Jolimont WA 6014

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 258m2
Land area: 258m2
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Property Details for 4/50 Jersey St, Jolimont

Building Type
Commercial
Floor Size
258m2
Land Size
258m2
Local Government
Subiaco
Lot/Plan
4/S006827

Last Listing description (August 2023)

Lever Property are pleased to present 4/50 Jersey Street, Jolimont, for Sale via Private Treaty.

This outstanding strata titled property, being one unit of four, is situated within the tightly held Jersey Street commercial precinct and is being offered to market for the first time in 19 years.

Prominently located on the first floor facing Jersey Street, the property has the added benefit of street level access via the warehouse entry that opens directly onto Hart Lane at the rear.

The improvements have a total strata area of 258 sqm* and consist of 140 sqm* of office and 118 sqm* of warehouse, which is sure to cater to a broad range of operational requirements. This broad scope of utility is further supported in the property being zoned 'Mixed-Use | R-AC3' under the City of Subiaco LPS5, providing a high degree of flexibility from a permissible use perspective.

The property benefits from inherent strategic advantages, being in close proximity to an extensive public transport and cycle network, with on site parking available and there being ample all day paid public parking located directly opposite.

The flexibility and exposure afforded by the property is sure to appeal to owner-occupiers and investors alike, with the scarcity of an opportunity such as this not be understated.

The Opportunity:
Strata Title Area: 258 sqm
Improvements: 140 sqm* office | 118 sqm* warehouse (approx.)

Features:
Functional/flexible improvements
Office a mix of open plan areas and partitioned offices/meeting rooms
Predominantly clear span warehouse (~3.7m truss height) with a garrison fenced area
Self contained kitchenette with common area toilets
Ducted reverse cycle A/C throughout
Highly secure tenancy; premises is alarmed and all doors fitted with security gates
Split level access; 1st floor via Jersey St | Street level via Hart Lane (ROW access)
On-site parking available with ample all day paid public parking across the road

Outgoings (22/23 FY):
Strata Admin Levy: $4,500 pa
Strata Reserve Levy: $400 pa
Council Rates: $3,705.72 pa
Water & Sewerage Rates: $1,476.84 pa
Land Tax: $412 pa (single ownership basis)

FOR LEASE
Offers 'For Lease' will be considered
Contact Agent to express your interest in leasing the premises and to discuss terms offered

For more information or to schedule an inspection please contact the exclusive selling agent David Myers.

Property History for 4/50 Jersey St, Jolimont, WA 6014

A timeline of how this property has performed in the market
Last Sold
$1,075,000
18 May 2023
  • 18 May 2023
    Sold for $1,075,000
  • 06 Apr 2023
    Listed for Sale FOR SALE/FOR LEASE - CONTACT AGENT
  • 21 Apr 2004
    Sold for $319,000

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About Jolimont 6014

The size of Jolimont is approximately 0.8 square kilometres. It has 10 parks covering nearly 30.2% of total area. The population of Jolimont in 2011 was 1,200 people. By 2016 the population was 1,389 showing a population growth of 15.8% in the area during that time. The predominant age group in Jolimont is 70-79 years. Households in Jolimont are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Jolimont work in a professional occupation. In 2011, 35.2% of the homes in Jolimont were owner-occupied compared with 46.3% in 2016.

Jolimont has 909 properties. Over the last 5 years, Houses in Jolimont have seen a 64.29% increase in median value, while Units have seen a 67.81% increase. As at 31 October 2024:

  • The median value for Houses in Jolimont is $1,926,617 while the median value for Units is $590,883.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 7 properties listed for sale, and 1 property listed for rent in Jolimont on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Jolimont.

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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.