SOLD
Sold on 05 Nov 2023 for $495,000

6/117 Russell Street
Morley WA 6062

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 173m2
Land area: 173m2
Save

Property Details for 6/117 Russell St, Morley

Building Type
Commercial
Year Built
1980
Floor Size
173m2
Land Size
173m2
Local Government
Bayswater
Lot/Plan
1/S008872

Last Listing description (January 2018)

Axia Corporate Property is pleased to present Unit 6 (Lot 1), 117 Russell Street, Morley for Sale.
The offering comprises 173sqm of superbly located, cost effective and well presented warehouse space.
Specific attributes include;

- Fully self contained with separate male and female amenities and kitchenette
- Roller door with additional shopfront and service door
- 3 phase power
- Truss height spanning 3.5m* to 5m*
- Fluorescent lighting
- Flexible zoning
Whilst the property is currently used as a warehouse, the prevailing zoning of Central City Area R80 under City of Bayswater Town Planning Scheme No 23, provides for a number of alternative permitted and discretionary uses. Proponents must undertake their own planning/zoning enquiries with relevant authorities.
Statutory and Strata Outgoings are as follows;
- Strata Levies - $2,509/p.a.*
- Council Rates - $1,473/p.a.*
- Water Rates - $1,740/p.a.*
Above council and water rates have been issued for 2017-2018 and strata levies have been based on the latest quarterly payments Oct 17 - Dec 17.
The arrival of Unit 6, 117 Russell Street to the market represents a seldom available opportunity to acquire warehouse storage space so close to the Morley Galleria Shopping Centre which is destined to become one of Australia's largest shopping centres with proposed circa $1b redevelopment.
The property is located within the heart of the well established and recognised Morley Commercial / Industrial precinct, directly opposite the Transperth Morley Bus Terminal and with superb access to major arterial thoroughfares such as; Walter Road, Collier Road, Tonkin Highway and numerous others.
*Approx.
For further information, please contact Franco Gangemi on 0418 930 504.

Property History for 6/117 Russell St, Morley, WA 6062

A timeline of how this property has performed in the market
Last Sold
$495,000
05 Nov 2023
  • 05 Nov 2023
    Sold for $495,000
  • 26 Jan 2018
    Sold for $359,700
  • 19 Sep 2017
    Listed for Sale Not Disclosed
Sign in to see more transactions

Commute Calculator

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 11,483 properties. Over the last 5 years, Houses in Morley have seen a 72.62% increase in median value, while Units have seen a 75.95% increase. As at 31 July 2024:

  • The median value for Houses in Morley is $771,394 while the median value for Units is $533,189.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 44 properties listed for sale, and 7 properties listed for rent in Morley on OnTheHouse. According to CoreLogic's data, 443 properties were sold in the past 12 months in Morley.

Suburb Insights for Morley 6062

Market Insights
Morley Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Morley Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.