SOLD
Sold on 20 Jun 2024 for $2,600,000

23 Rafferty Road
Mandurah WA 6210

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 237m2
Land area: 1157m2
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Property Details for 23 Rafferty Rd, Mandurah

Building Type
Commercial
Year Built
1996
Floor Size
237m2
Land Size
1157m2
Local Government
Mandurah
Lot/Plan
56/D060133

Last Listing description (July 2012)

BLUE CHIP COMMERCIAL INVESTMENT
It's one of the best opportunities currently available in the Mandurah market. A high profile, highly visible Commercial property fully leased to long term tenants, showing a strong high income.
Currently returning over $138,000 per year these three commercial units straddle two large blocks of land Zoned Service Commercial in Rafferty Road Mandurah totaling over 2,495m2.

With excellent visibility and access from the Mandurah Road and over 50 metres road frontage there is easy access for customers and truck deliveries as well as ample parking.
Each of the tenancies includes showroom as well as separate office spaces and some yard space also.
Unit 1 occupies approximately 288m2 and is under lease until 2014 with 2 separate three year options available. The second Unit is approximately 183m2 and is leased through until the middle of 2016 and Unit 3 occupies approximately 366m2 and is leased until March 2016.
The property will be offered for sale by Public Auction on site at 12 noon on Saturday June 23 2012. Full details can be obtained by contacting the Auctioneer Frank Lawrence direct 0412 903375

Property History for 23 Rafferty Rd, Mandurah, WA 6210

A timeline of how this property has performed in the market
Last Sold
$2,600,000
20 Jun 2024
Listed for Rent
$728/w
21 Sep 2023
  • 20 Jun 2024
    Sold for $2,600,000
  • 23 Jun 2012
    Sold for $1,600,000
  • 19 Jun 2012
    Listed for Sale Not Disclosed
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About Mandurah 6210

The size of Mandurah is approximately 7.5 square kilometres. It has 33 parks covering nearly 11.2% of total area. The population of Mandurah in 2011 was 7,327 people. By 2016 the population was 7,827 showing a population growth of 6.8% in the area during that time. The predominant age group in Mandurah is 60-69 years. Households in Mandurah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mandurah work in a trades occupation. In 2011, 38.7% of the homes in Mandurah were owner-occupied compared with 43% in 2016.

Mandurah has 7,655 properties. Over the last 5 years, Houses in Mandurah have seen a 124.97% increase in median value, while Units have seen a 109.19% increase. As at 31 October 2024:

  • The median value for Houses in Mandurah is $548,903 while the median value for Units is $503,986.
  • Houses have a median rent of $500 while Units have a median rent of $475.
There are currently 104 properties listed for sale, and 41 properties listed for rent in Mandurah on OnTheHouse. According to CoreLogic's data, 645 properties were sold in the past 12 months in Mandurah.

Suburb Insights for Mandurah 6210

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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.