SOLD
Sold on 22 May 2024 for $1,100,000

3/524 Abernethy Road
Kewdale WA 6105

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 500m2
Land area: 590m2
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Sold By
Chris Chesky
MLV Real Estate
David Lamb
MLV Real Estate
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Property Details for 3/524 Abernethy Rd, Kewdale

Building Type
Commercial
Year Built
2006
Floor Size
500m2
Land Size
590m2
Local Government
Belmont
Lot/Plan
24/S045946

Last Listing description (July 2024)

MLV Real Estate presents the opportunity for investors to acquire a quality leased office warehouse unit in 'Imola Business Park', a high profile commercial and industrial development in one of Perth's premier industrial suburbs.

THE ASSET
Leased to an established National company 'Handley Surveys' until August 2025, Unit 3 comprises a modern ground level strata office/warehouse unit that presents to an excellent standard and offers versatile accommodation.

The office comprises a functional mixture of partitioned offices, open space and separate executive offices with carpeted floors, recessed fluorescent lighting and ducted air conditioning, kitchen, lunchroom and toilet facilities. The rear warehouse is high truss clear span of with access via a rear roller door. There are 7 car bays allocated to the unit.

AREAS
Office: 300sqm*
Warehouse: 194sqm*
Car parking: 7 bays (96sqm)
*approximately

LOCATION
Kewdale is located approximately 9km east of the Perth CBD and is considered one of Perth's premier industrial suburbs.
The complex benefits from a prominent position at the intersection of Kewdale Road and Abernethy Road. More specifically, Unit 3 is located on the Kewdale Road Frontage, with a high level of exposure to over 15,000 vehicles per day (2020/21, Main Roads Average Monday to Friday).

TENANCY DETAILS
Net Passing Rent of $62,201 pa
Expiry 31st August 2025
Fixed Annual Increases of 3%

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Property History for 3/524 Abernethy Rd, Kewdale, WA 6105

A timeline of how this property has performed in the market
Last Sold
$1,100,000
22 May 2024
Listed for Rent
$862/w
11 Feb 2020
  • 22 May 2024
    Sold for $1,100,000
  • 12 Jul 2023
    Listed for Sale $1,250,000 (Going Concern)
  • 13 Aug 2019
    Listed for Rent $40,000 / year
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About Kewdale 6105

The size of Kewdale is approximately 8.4 square kilometres. It has 14 parks covering nearly 4.9% of total area. The population of Kewdale in 2011 was 6,190 people. By 2016 the population was 6,896 showing a population growth of 11.4% in the area during that time. The predominant age group in Kewdale is 30-39 years. Households in Kewdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kewdale work in a trades occupation. In 2011, 64.7% of the homes in Kewdale were owner-occupied compared with 62.5% in 2016.

Kewdale has 4,251 properties. Over the last 5 years, Houses in Kewdale have seen a 88.60% increase in median value, while Units have seen a 84.45% increase. As at 30 November 2024:

  • The median value for Houses in Kewdale is $811,792 while the median value for Units is $539,539.
  • Houses have a median rent of $685 while Units have a median rent of $585.
There are currently 29 properties listed for sale, and 7 properties listed for rent in Kewdale on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in Kewdale.

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