OFF MARKET

26 Stubbs Street
Lake Grace WA 6353

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 145m2
Land area: 1060m2
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Property Details for 26 Stubbs St, Lake Grace

Building Type
Commercial
Year Built
1935
Floor Size
145m2
Land Size
1060m2
Local Government
Lake Grace
Lot/Plan
5/P228793

Last Listing description (September 2023)

Elders has listed an outstanding investment opportunity in the strong rural community of Lake Grace.
26 Stubbs Street is centrally located on a 1,060m2* block in the main street of Lake Grace. The property presents in good condition and has recently had significant renovations completed. A new ablution block has also been constructed.
The property is tenanted and operated as a cafe/bakery. The current lease has a good length of time left to run.

This is a great opportunity to get into the commercial property market at a reasonable entry price.
Please phone or email for a confidentiality agreement to receive the business Information Memorandum.

Patrick Williams
Licenced Real Estate Agent
Specialist Business Broker and Commercial Sales
0407 990 886
patrick.williams@elders.com.au

Amanda Milton
Real Estate Sales Representative
Elders Lake Grace
0429 654 011
amanda.milton@elders.com.au

Buyers Note: All measurements/dollar amounts are approximate only and generally marked with an * (Asterisk) for reference. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including a visual inspection before entering into an offer and should not rely on the photos or text in this advertising in making a purchasing decision

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Property History for 26 Stubbs St, Lake Grace, WA 6353

A timeline of how this property has performed in the market
Last Sold
$60,000
18 Jul 2016
  • 19 Jul 2022
    Listed for Sale $250,000
  • 18 Jul 2016
    Sold for $60,000
  • 26 Oct 2005
    Sold for $131,000

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About Lake Grace 6353

The size of Lake Grace is approximately 96.2 square kilometres. It has 5 parks covering nearly 1.1% of total area. The population of Lake Grace in 2011 was 496 people. By 2016 the population was 550 showing a population growth of 10.9% in the area during that time. The predominant age group in Lake Grace is 0-9 years. Households in Lake Grace are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lake Grace work in a trades occupation. In 2011, 53.1% of the homes in Lake Grace were owner-occupied compared with 61.1% in 2016.

Lake Grace has 465 properties. Over the last 5 years, Houses in Lake Grace have seen a 85.29% increase in median value, while Units have seen a -28.83% decrease. As at 30 September 2024:

  • The median value for Houses in Lake Grace is $170,585 while the median value for Units is $114,316.
There are currently 1 property listed for sale, and no properties listed for rent in Lake grace on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Lake grace.

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