SOLD
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Sold on 18 Oct 2024 - Price Unavailable

1/20 Commerce Street
Malaga WA 6090

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 376m2
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Property Details for 1/20 Commerce St, Malaga

Building Type
Commercial
Floor Size
376m2

Last Listing description (October 2024)

Office and Warehouse with total floor area of 376sqm in a small complex of 3 strata units with 17 car bays for the complex. A rare offering with street frontage to Malaga Drive and easy access to Reid Highway. Currently tenanted until 31 Dec 2024.

Features:
• 71sqm office space located on the mezzanine floor above the showroom area

• 305sqm ground floor area with large roller door access at rear
• Male & female toilets
• Kitchenette facilities
• Total of 17 parking bays for the complex
• Major road frontage (Malaga Drive) with traffic count averaging more than 32,000 vehicles per weekday
• Prime location on slip road between Bunnings and Hungry Jacks
• Large facade with space for generous signage.
• Easy access to Reid and Tonkin Highways

Tenant leaving 31 December 2024 and currently paying $43,240 per annum plus outgoings.

Council Rates: $5740.96 per annum
Water Rates: $2188.68 per annum
Strata Levies: $1060 per quarter
Other: Insurance $1720 once off

Contact Jenny Quek on 0419 968 870 or email her at jenny@jpg.com.au for more details or an inspection.

Property History for 1/20 Commerce St, Malaga, WA 6090

A timeline of how this property has performed in the market
Last Sold
18 Oct 2024
  • 26 Sep 2024
    Sold for $1,010,000
  • 19 Sep 2024
    Listed for Sale E.O.I from $1m
  • 27 Oct 2013
    Sold for $792,000
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About Malaga 6090

The size of Malaga is approximately 6.6 square kilometres. It has 7 parks covering nearly 8.1% of total area. The population of Malaga in 2011 was 15 people. By 2016 the population was 3 showing a population decline of 80.0% in the area during that time. The predominant age group in Malaga is 50-59 years. Households in Malaga are primarily couples with children and are likely to be repaying $1800 - $2000 per month on mortgage repayments. In general, people in Malaga work in a trades occupation..

Malaga has 2,952 properties. Over the last 5 years, Houses in Malaga have seen a 116.53% increase in median value, while Units have seen a 102.24% increase. As at 31 October 2024:

  • The median value for Houses in Malaga is $531,708 while the median value for Units is $401,739.
There are currently 9 properties listed for sale, and 8 properties listed for rent in Malaga on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Malaga.

Suburb Insights for Malaga 6090

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Contact agent
Jenny Quek
Show contact details
Johnson Property Group Australia Pty Ltd
Preferred contact:
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.