SOLD
Sold on 11 Jul 2024 for $1,628,000

11 Wanneroo Road
Joondanna WA 6060

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 904m2
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Property Details for 11 Wanneroo Rd, Joondanna

Building Type
Commercial
Land Size
904m2
Local Government
Stirling
Lot/Plan
35/D016860

Last Listing description (October 2024)

Burgess Rawson are pleased to present to the market for sale 11 Wanneroo Road, Joondanna. Offered for sale for the first time in 55 years this rare freehold commercial opportunity benefits from fantastic surrounding amenity and offers buyers a large multitude of options;- Occupy the whole building - Occupy part of the building and collect rent from the rest- Rent out the entire building - Refurbish and redevelop the existing improvements or property as a wholeThe property sits on a large 905sqm parcel of land and comprises a solid two level brick building with an approximate building area of 540sqm*. The building has a variety of suites appealing to a number of different occupants including a restaurant, a veterinary hospital and an office. The building is separated with common plus first floor lobbies and 5 suites. There are two periodic leases in place offering a holding income from a printing business and a beauty salon. There is also ample onsite parking with 17 car bays. The property also has a large 20 metre frontage to Wanneroo road offering prime exposure with over 30,000** passing vehicles each week. The property enjoys excellent accessibility to key amenity and resides just;- Neighbouring St Denis Primary School - 250 metres* from Dog Swamp Shopping Centre (anchored by Woolworths, Coles and Aldi)- 160 metres* to London Street- 550 metres* from both Charles and Walcott Street entries- 5.8kms* from the Perth CBD- 1.5kms* from Yokine reserve- 20 metres* from Transperth Bus stop- 3.4kms* from Leederville Entertainment Precinct- 2.6kms* from Main Street Restaurant and Business Precinct The property has the following features;- 905sqm* Land Area- 20 metre frontage to Wanneroo Road - Improvements of 540sqm*- 17 onsite parking bays - Excellent exposure & signage opportunity- 20 metre frontage to Wanneroo Road- High volume of passing traffic daily- Multitude of uses for a variety of buyers- 2 existing periodic tenancies offering flexibility of use and income- Suit Owner Occupiers, Investors and Developers- Ideally located with easy access to key amenity Legal Description Lot 35 on Diagram 16860 Certificate of Volume 1564 Folio 589.ZoningThe property is zoned 'Local Centre' according to the City of Stirling Local Planning Scheme No.3. PossessionThe property can be sold with 2 periodic leases in place or with vacant possession.Offers InvitedFor further information please contact the exclusive selling agent Luke Randazzo on 0417 181 309. or Robert D'Onofrio on 0411 559 989.*approx.** Mainroads 2021/2022 average Monday to Friday

Property History for 11 Wanneroo Rd, Joondanna, WA 6060

A timeline of how this property has performed in the market
Last Sold
$1,628,000
11 Jul 2024
Listed for Rent
$342/w
30 Sep 2016
  • 11 Jul 2024
    Sold for $1,628,000
  • 05 Jun 2024
    Listed for Sale UNDER OFFER
  • 01 Dec 2015
    Listed for Rent - Price not available
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About Joondanna 6060

The size of Joondanna is approximately 1.5 square kilometres. It has 5 parks covering nearly 4.6% of total area. The population of Joondanna in 2011 was 4,568 people. By 2016 the population was 4,852 showing a population growth of 6.2% in the area during that time. The predominant age group in Joondanna is 30-39 years. Households in Joondanna are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Joondanna work in a professional occupation. In 2011, 53.6% of the homes in Joondanna were owner-occupied compared with 54% in 2016.

Joondanna has 3,261 properties. Over the last 5 years, Houses in Joondanna have seen a 68.07% increase in median value, while Units have seen a 89.39% increase. As at 30 September 2024:

  • The median value for Houses in Joondanna is $980,992 while the median value for Units is $552,553.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 15 properties listed for sale, and 1 property listed for rent in Joondanna on OnTheHouse. According to CoreLogic's data, 176 properties were sold in the past 12 months in Joondanna.

Suburb Insights for Joondanna 6060

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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.