12 Honey StreetMariginiup WA 6078
Property Details for 12 Honey St, Mariginiup
Last Listing description (August 2018)
Here's your chance to secure a fantastic investment that will not only return you around 7% over the next five years (or more) but has the potential to return you many times over as this prime land east of Pinjar Road is developed for the residential market.
The iconic Lullfitz Nursery located on the corner of Caporn and Honey Streets Mariginiup is on the market and presents a tremendous opportunity for the shrewd investor looking to make a significant return over the next 10 years.
As a working nursery, any sale is conditional on a negotiated lease-back arrangement to allow this iconic business to keep servicing the people of Perth's northern suburbs.
* Lease back required - 5 years (negotiable)
* 1.58Ha with water licence
* Prominent corner location
* Close to expanding residential corridor
For more information contact Barry O'Sullivan 0417927792
Property History for 12 Honey St, Mariginiup, WA 6078
- 28 Jun 2018Sold for $945,000
- 16 May 2018Listed for Sale Offers from $939,000
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About Mariginiup 6078
The size of Mariginiup is approximately 24.3 square kilometres. It has 4 parks covering nearly 38.4% of total area. The population of Mariginiup in 2011 was 863 people. By 2016 the population was 842 showing a population decline of 2.4% in the area during that time. The predominant age group in Mariginiup is 50-59 years. Households in Mariginiup are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mariginiup work in a trades occupation. In 2011, 90.3% of the homes in Mariginiup were owner-occupied compared with 86.1% in 2016.
Mariginiup has 375 properties. Over the last 5 years, Houses in Mariginiup have seen a 103.51% increase in median value, while Units have seen a 109.40% increase. As at 31 October 2024:
- The median value for Houses in Mariginiup is $936,460 while the median value for Units is $646,919.
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