SOLD
Sold on 18 Jul 2024 for $743,000

1/7 Delage Street
Joondalup WA 6027

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 254m2
Land area: 254m2
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Property Details for 1/7 Delage St, Joondalup

Building Type
Commercial
Year Built
1995
Floor Size
254m2
Land Size
254m2
Local Government
Joondalup
Lot/Plan
1/S029376

Last Listing description (November 2024)

Grant Mathews of First Western Realty Joondalup is pleased to present this Leased Joondalup Investment Commercial Opportunity for sale.
This property would be ideal for the investor who has the flexibility to accommodate the remaining short term of the Lease and option; or someone looking to get a foothold in the Joondalup Commercial Precinct with a tenant in place, re-leasing the property or occupying with their enterprise in the years to come.

Look no further than this 254-square-metre property in a popular complex located on the corner of Delage Street and busy Winton Road, which attracts customers from all corners of the Greater Joondalup Catchment area, and beyond. This part of the Winton Road Commercial Area is zoned City Centre.

Street Frontage Facing Winton Road.
Wide windows fronting unit - perfect for your branding or displays
Signage opportunities
Flexible shopfront/showroom
Suspended Ceiling with integrated lighting in the showroom
Warehouse Area to the rear
Roller door access from the rear of the building
Well-managed complex
Evaporative Air Conditioning
Two w/c's with Handbasins
Electric Instantaneous Hot Water System
Bonus Income from Telecom Towers on the strata common property subsidises the income.
Plenty of parking in the complex (please note the 6 car bays indicated is an example only, most of the car parking in this complex is unallocated)
Located close to the Joondalup Lakeside Shopping Centre & Joondalup Train Station
Close to Mitchell Freeway entry and Exit Points, Joondalup Drive
Complex accommodates Professional Offices, Education Providers, Recreation Centres, Services and Retailers.

Retail Lease in place - Storm Brewing (Established Home Brewing Supply Business).
Lease commencement date: 01/02/2018
Current Lease term is until 31/01/2025, the tenant has a further option of 1 year from 01/02/2025 - 31/01/2026.

Outgoings:
City of Joondalup Rates 2023/2024 $3 899.60 p.a. (Single Instalment basis includes 2023 business discount)
Water Rates: 2023/2024 $1 974.73 per annum
Strata Levy: April to June 2024 $1 134.02 per quarter (Admin Levy)

Viewing by appointment: please call Grant Mathews of First Western Realty on 0488 024 352 or email commlease@firstwesternrealty.com.au for further details or to book your appointment.

Details provided for this property are for information only and should not be taken as a representation in any respect on the part of the vendor or their agent. Prospective clients should make their own enquiries regarding the property or fixtures before entering into any Contract, or Lease Agreement. All plans and measurements are approximate and not to scale.

Property History for 1/7 Delage St, Joondalup, WA 6027

A timeline of how this property has performed in the market
Last Sold
$743,000
18 Jul 2024
Listed for Rent
$690/w
25 Jan 2018
  • 18 Jul 2024
    Sold for $743,000
  • 24 Apr 2024
    Listed for Sale $749 000 (GST Going Concern Exemption)
  • 07 Dec 2017
    Listed for Sale $700,000 + GST
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About Joondalup 6027

The size of Joondalup is approximately 10.6 square kilometres. It has 29 parks covering nearly 24.8% of total area. The population of Joondalup in 2011 was 9,197 people. By 2016 the population was 9,098 showing a population decline of 1.1% in the area during that time. The predominant age group in Joondalup is 20-29 years. Households in Joondalup are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Joondalup work in a professional occupation. In 2011, 54.4% of the homes in Joondalup were owner-occupied compared with 56% in 2016.

Joondalup has 5,217 properties. Over the last 5 years, Houses in Joondalup have seen a 76.98% increase in median value, while Units have seen a 91.27% increase. As at 31 October 2024:

  • The median value for Houses in Joondalup is $831,243 while the median value for Units is $554,295.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 50 properties listed for sale, and 25 properties listed for rent in Joondalup on OnTheHouse. According to CoreLogic's data, 329 properties were sold in the past 12 months in Joondalup.

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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.