OFF MARKET

3/29 Gillam Drive
Kelmscott WA 6111

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 362m2
Land area: 110m2
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Property Details for 3/29 Gillam Dr, Kelmscott

3/29 Gillam Dr, Kelmscott is a bedroom, bathroom Unit with 1 parking spaces and was built in 1988. The property has a land size of 110m2 and floor size of 362m2. While the property is not currently for sale or for rent, it was last sold in March 2004.

Building Type
Unit
Year Built
1988
Floor Size
362m2
Land Size
110m2
Local Government
Armadale
Lot/Plan
1/S048197

Last Listing description (March 2012)

Buy Now for the Future
Fabulous Brick & Iron factory/warehouse located on the busy Gillam Drive strip in the Kelmscott Industrial area.
The factory is over 600m2 in size with a total land area of 922m2 which means you also have some yard area as well as the parking in the common area .

The property currently has a long term tenant in place paying $38,000 approx per annum . Current lease runs until 30/9/2014 with a further 36 month option after that time also.
Has a market rent review due on the rent in October 2012 which should see the rent rise to more Market related levels (approx) $45,000 to $48,000 per annum minimum.
Its hard to buy a factory of this size for owner occupation at this rate ( approx $1100 per m2 ) but if you buy now you could move in when the lease expires.
Wide sliding roller doors excellent truss height makes it suitable for most operators.
Buy now for the future expansion of your business whilst the tenant pays you rent.
Contact Mike Dunsmore 0413754110
Tenant has been in place for an extended period and runs a very solid business .

Property History for 3/29 Gillam Dr, Kelmscott, WA 6111

A timeline of how this property has performed in the market
Last Sold
$148,500
22 Mar 2004
  • 07 Feb 2012
    Listed for Sale $700,000
  • 22 Mar 2004
    Sold for $148,500

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About Kelmscott 6111

The size of Kelmscott is approximately 15 square kilometres. It has 30 parks covering nearly 33.1% of total area. The population of Kelmscott in 2011 was 10,019 people. By 2016 the population was 10,496 showing a population growth of 4.8% in the area during that time. The predominant age group in Kelmscott is 20-29 years. Households in Kelmscott are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelmscott work in a trades occupation. In 2011, 71.2% of the homes in Kelmscott were owner-occupied compared with 70.3% in 2016.

Kelmscott has 5,687 properties. Over the last 5 years, Houses in Kelmscott have seen a 145.11% increase in median value, while Units have seen a 95.04% increase. As at 31 October 2024:

  • The median value for Houses in Kelmscott is $655,654 while the median value for Units is $427,261.
  • Houses have a median rent of $590 while Units have a median rent of $525.
There are currently 46 properties listed for sale, and 12 properties listed for rent in Kelmscott on OnTheHouse. According to CoreLogic's data, 339 properties were sold in the past 12 months in Kelmscott.

Suburb Insights for Kelmscott 6111

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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.