1/412 Beechboro Road NMorley WA 6062
Property Details for 1/412 Beechboro Rd N, Morley
Last Listing description (January 2024)
PROPERTY HIGHLIGHTS- Strata area of 259 m2* located on the exterior perimeter of the shopping centre.- Part of a thriving retail complex comprising 17 strata lots with a Coles supermarket as the anchor Tenant. - Located adjacent Carramar Retirement Village and surrounded by R40 and R25 residential areas providing clientele/consumers for shopping complex's Tenants.- Passing income $130,946.71 pa plus GST plus outgoings (as per lease) plus GST (Landlord pays property management fee which is unaccounted for in passing income).- Lease in place to Liquorland (Australia) Pty Ltd. Head Lease commenced on the 16th December 1999 with current term expiring on the 15th December 2024 with two further 5 year options expiring on the 15th December 2029 and 15th December 2034.- Next rental review due on the 16th December 2023 to an increase of CPI.- Tenant has occupied the property for near to 24 years.- Complex comprises specialty businesses servicing the surrounding neighbourhood community which includes a newsagent, pharmacy, dental practitioner, hairdresser plus various food related retail outlets.- Tenancy benefits from multiple access points including exterior of property from car park and inside the mall.- Beneficial roller door access for stock handling.- Zoned Business under the City of Bayswater District Town Planning Scheme No24.This property will suit the investor looking to add a quality asset with desirable lease covenant to their property portfolio.For further information, please contact the exclusive listing agent via the details below.* Approximate Area Only.
Property History for 1/412 Beechboro Rd N, Morley, WA 6062
- 05 Nov 2023Sold for $2,050,000
- 01 Nov 2023Listed for Sale Price on Application
- 09 Oct 2002Sold for $1,010,000
Commute Calculator
Recent sales nearby
See more recent sales nearbySimilar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Morley 6062
The size of Morley is approximately 10.4 square kilometres. It has 46 parks covering nearly 8.8% of total area. The population of Morley in 2011 was 20,301 people. By 2016 the population was 21,519 showing a population growth of 6.0% in the area during that time. The predominant age group in Morley is 20-29 years. Households in Morley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morley work in a trades occupation. In 2011, 70.7% of the homes in Morley were owner-occupied compared with 68.8% in 2016.
Morley has 11,485 properties. Over the last 5 years, Houses in Morley have seen a 76.95% increase in median value, while Units have seen a 87.52% increase. As at 31 August 2024:
- The median value for Houses in Morley is $784,254 while the median value for Units is $567,803.
- Houses have a median rent of $650 while Units have a median rent of $620.
Suburb Insights for Morley 6062
Market Insights
Morley Trends for Houses
N/A
N/A
View TrendN/A
N/A
Morley Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
