SOLD
Sold on 22 Feb 2024 for $706,000

6/1919 Beach Road
Malaga WA 6090

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 275m2
Land area: 267m2
Sold By
Robert Zeiser
Ayers Real Estate
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Property Details for 6/1919 Beach Rd, Malaga

Building Type
Commercial
Year Built
1990
Floor Size
275m2
Land Size
267m2
Local Government
Swan
Lot/Plan
6/S020376

Last Listing description (June 2024)

* A very, very rare opportunity to secure a Commercial Investment in such a prominent location* Annual Net Rent: $40,000p/a* Leased till 24 May 2027 + 3 year option* Rent Review: 3% p/a - Greater of CPI or Market Review in May 2027* 5.5% (approx) Net Return* 267sqm TOTAL BUILDING AREA* 132sqm (approx.) Office|Showroom * 135sqm (approx.) Warehouse * Prominent corner location: Beach Road & Oxleigh Drive|opposite The Good Guys* Air-Conditioning* Security System and secure gates to rear* Showroom Frontage and Rear Roller Door Service Access* Gas supply* Amenities: Kitchenette and WC* Parking at front and rear of each unit in the Complex* Dual driveway access to this site - Can arrive and leave without reversing off-site* NBN availableFor more information or to view this Beach Road property, please contact one of our Sales Team

Property History for 6/1919 Beach Rd, Malaga, WA 6090

A timeline of how this property has performed in the market
Last Sold
$706,000
22 Feb 2024
Listed for Rent
$699/w
30 Aug 2018
  • 22 Feb 2024
    Sold for $706,000
  • 14 Nov 2023
    Listed for Sale Sold by Ayers|More Listings Wanted
  • 03 May 2018
    Listed for Rent $36,500 / year
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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 118.68% increase in median value, while Units have seen a 86.83% increase. As at 30 September 2024:

  • The median value for Houses in Malaga is $541,868 while the median value for Units is $383,039.
There are currently 10 properties listed for sale, and 10 properties listed for rent in Malaga on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in Malaga.

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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.