SOLD
Sold on 23 Oct 2024 for $600,000

15/1736 Albany Highway
Kenwick WA 6107

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 255m2
Land area: 258m2
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Property Details for 15/1736 Albany Hwy, Kenwick

Building Type
Commercial
Year Built
2016
Floor Size
255m2
Land Size
258m2
Local Government
Gosnells
Lot/Plan
15/S063706

Last Listing description (November 2018)

- Offering of 2 industrial leased investments
- Combined or sold separately
- Modern industrial office/warehouses completed in 2016

- New 4 year leases
- Annual Rent Reviews
- Impressive fit out works invested in both properties
- Modern complex
- Easy access to Albany Highway
- Ideal investment for superannuation funds
- Unit 14 Income - $33,525.14 pa + GST
- Unit 15 Income - $30,474.86 pa + GST
The Opportunity
Burgess Rawson are pleased to present to the market unit 14 & 15 / 1736 Albany Highway, Kenwick. These affordable leased investments offer an attractive return and comprise two modern office/warehouses built in 2016 with fresh 4 year leases in place having commenced in March 2018.
The properties reside on Albany Highway with easy access to other main arterial roads and the Perth CBD. The office/warehouses both have 3 exclusive car bays each, high trusses, concrete driveway and high bay lighting. They are both zoned General Industry . These investments represent excellent value and would ideally suite the investor looking at buying a property in their superannuation.
Lease Details
Unit 14
Income: $33,525.14 + GST
Term: 4 years
Size: 279sqm
Tenant: Almar Engineering Pty Ltd
Rent Reviews: 2% + CPI annually
Unit 15
Income: $30,474.86 + GST
Term: 4 years
Size: 258sqm
Tenant: Almar Engineering Pty Ltd
Rent Reviews: 2% + CPI annually
Contact agents for a copy of the lease and breakdown cost.
*approx
For further information lease contact the selling agents.

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Property History for 15/1736 Albany Hwy, Kenwick, WA 6107

A timeline of how this property has performed in the market
Last Sold
$600,000
23 Oct 2024
  • 23 Oct 2024
    Sold for $600,000
  • 27 Jun 2022
    Sold for $540,000
  • 14 May 2018
    Listed for Sale $485,000 & $515,000 Going Concern

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About Kenwick 6107

The size of Kenwick is approximately 9.8 square kilometres. It has 14 parks covering nearly 7.9% of total area. The population of Kenwick in 2011 was 5,461 people. By 2016 the population was 5,686 showing a population growth of 4.1% in the area during that time. The predominant age group in Kenwick is 20-29 years. Households in Kenwick are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kenwick work in a trades occupation. In 2011, 69.5% of the homes in Kenwick were owner-occupied compared with 70.6% in 2016.

Kenwick has 2,712 properties. Over the last 5 years, Houses in Kenwick have seen a 122.14% increase in median value, while Units have seen a 103.85% increase. As at 30 November 2024:

  • The median value for Houses in Kenwick is $679,112 while the median value for Units is $466,082.
  • Houses have a median rent of $600 while Units have a median rent of $590.
There are currently 19 properties listed for sale, and 4 properties listed for rent in Kenwick on OnTheHouse. According to CoreLogic's data, 135 properties were sold in the past 12 months in Kenwick.

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