OFF MARKET

50 Stubbs Street
Lake Grace WA 6353

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 449m2
Land area: 2099m2
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Property Details for 50 Stubbs St, Lake Grace

Building Type
Commercial
Year Built
1968
Floor Size
449m2
Land Size
2099m2
Local Government
Lake Grace
Lot/Plan
3002/P403421

Last Listing description (December 2022)

Originally built by the State Government as the Department of Agriculture District Office, this 9 office, brick & compressed sheet building with iron roof was constructed in two parts in 1967/1969.The original building (offices/hallway) were constructed to have a second level added if required.In 1995 the western extension which is constructed of brick and iron with the gabled roof, (locally known as the "pizza hut"), was added and connected to the original building by a passageway.The "pizza hut" is a 95m2 reception area with twin air conditioners and a large reception desk(currently dismantled). This room is light filled from 7 large floor to ceiling windows/doors which give it a bright feel. This area could have many uses including a training floor space, health and fitness area, and display/retail space etc. The space has two glass entry doors, one double door at the front, and one single door at the rear. The "pizza hut" could operate semi autonomously to the rest of the building, but would require access to the bathrooms and possibly the staff/kitchen. Alternatively, the new owner could apply to construct a separate bathroom and staffroom to the south of the existing building.The main building today has nine air-conditioned offices with carpeted floors which are in good/fair condition. There are several wooden panel interior walls that could be removed (were put in after construction) to make larger areas. Office 9 has external access to the rear of the building (fire escape). The original foyer entrance is located approximately half way down the main building, and this could be re-established as the entry way to this section of the building.The extensive hallway connecting the reception area to all offices has vinyl floor covering and large pinup boards. This hallway also provides access to the female toilet, and the male bathroom which has a urinal, separate toilet, separate shower and a rear access door.The air conditioned staff room/kitchen is approximately 21m2 in area, carpeted floor, with a bay of hopper windows running down the southern wall. There is a large pinup board and whiteboard and small kitchenette with sink in this room.Two storage rooms are located within the main building - one has a rear access door. A third storage room is located under the main roof on the rear verandah and is a cleaners store with mop sink.The rear "shed" began its life as a two bay workshop, a laboratory, armory and mezzanine storage area, all from where the trial plot program was conducted. Today the shed is now a fully enclosed, air conditioned workspace and functions as a fitness studio and physiotherapy area, with kitchen and general storage. The studio operator would like the opportunity to lease the rear building if this suits the new owner.The property is located on the corner of a town centre block, with main street frontage. Colour bond fencing is on the eastern side with the western side being unfenced and has the driveway to access the 17 space asphalt rear carpark. A low wire fence runs along the back of the property along the rear laneway.This property could be used for a diverse range of commercial enterprises.Water Rates - Approx $300/annum for supply plus usageShire Rates - $2222.08/anum for 2020/21 (includes sewerage rates)Price $290,000 plus GSTFor further information or to arrange your private viewing please contact:Amanda MiltonElders Real Estate, Lake GracePh: 0429 654 011 (Text/call)Email: amanda.milton@elders.com.auWhere "Service isn't just Something... It is Everything"

Property History for 50 Stubbs St, Lake Grace, WA 6353

A timeline of how this property has performed in the market
Last Sold
$297,000
30 Oct 2022
  • 30 Oct 2022
    Sold for $297,000
  • 12 Mar 2021
    Listed for Sale Commercial $325,000
  • 02 Nov 2016
    Sold for $225,500
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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 468 properties. Over the last 5 years, Houses in Lake Grace have seen a 95.47% increase in median value, while Units have seen a -27.14% decrease. As at 30 November 2024:

  • The median value for Houses in Lake Grace is $184,918 while the median value for Units is $121,623.
There are currently 2 properties 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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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.