SOLD
Sold on 28 Aug 2024 for $225,000

4 Sugg Road
Lake King WA 6356

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 876m2
Land area: 4201m2
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Property Details for 4 Sugg Rd, Lake King

Building Type
Commercial
Year Built
1994
Floor Size
876m2
Land Size
4201m2
Local Government
Lake Grace
Lot/Plan
153/P214126

Last Listing description (November 2022)

RARE BUSINESS OPPORTUNITY
"To be the only repair business in town"
4 SUGG ROAD, LAKE KING

The opportunity to own the local engineering and mechanical repair business including stock located on a large 4,201 square metre block in the town of Lake King. This is the only mechanical repair business servicing the area based in Lake King district.

The building consists of a separate office area, parts areas that adjoins the workshop that adds up to approximately 876 square metres fully concreted work space. The workshop comes equipped with a underfloor work pit, mezzanine floor, lunch room, toilet, bathroom with shower as well as having large sliding doors that allow easy access to the workshop bays. The building is equipped with solar panels.

Stock includes everyday mechanical items such as belts, filters, oils, batteries and other required parts and accessories to support a mechanical and engineering business. There is opportunity to add other services including but not limited to hydraulic hose repairs, tyre repairs and local spare parts for on farm machinery.

Lake King is situated about 460 kilometres south east of Perth and surrounded by a large farming area requiring all types of repair services that this business provides which has enabled successful operations to be carried out from these premises for many years.

Property features
Building size: 876m
Land size: 0.42ha
Kitchen Area
Solar panels
Shower 1
Toilets: 1

For more information please contact Ross Dunkeld 0428 105 059

Property History for 4 Sugg Rd, Lake King, WA 6356

A timeline of how this property has performed in the market
Last Sold
$225,000
28 Aug 2024
  • 28 Aug 2024
    Sold for $225,000
  • 30 Aug 2021
    Listed for Sale $180,000
  • 01 Nov 2019
    Listed for Sale Auction
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About Lake King 6356

The size of Lake King is approximately 1,373.3 square kilometres. It has 8 parks covering nearly 38.9% of total area. The population of Lake King in 2011 was 334 people. By 2016 the population was 85 showing a population decline of 74.6% in the area during that time. The predominant age group in Lake King is 50-59 years. Households in Lake King are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Lake King work in a managers occupation. In 2011, 59.6% of the homes in Lake King were owner-occupied compared with 48.5% in 2016..

Lake King has 172 properties. Over the last 5 years, Houses in Lake King have seen a 110.09% increase in median value. As at 30 November 2024:

  • The median value for Houses in Lake King is $163,558.
There are currently no properties listed for sale, and no properties listed for rent in Lake king on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Lake king.

Suburb Insights for Lake King 6356

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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.