SOLD
Sold on 20 Jul 2024 for $264,000

16 Morilla Road
Mundaring WA 6073

Bedrooms: -
Bathrooms: -
Car spaces: 20
Land area: 1008m2
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Property Details for 16 Morilla Rd, Mundaring

Building Type
Commercial
Land Size
1008m2
Local Government
Mundaring
Lot/Plan
44/P015679

Last Listing description (July 2022)

The sale combines the next door lot of approximately 1,008 sqm totalling approximately 2,016 sqm of prime industrial land and approximately 225 sqm of building area. Both properties are on independent titles. This well presented industrial property is currently tenanted and ready for a new owner to benefit.The current owner has stated that for offers above $975,000 they would consider a Leaseback reflecting 6.5% return, a 5 year term + 5 year option.Located in the tightly held Mundaring industrial precinct this property is best suited for an investor looking for strong returns with minimal effort. This property is close to an arterial road network being Great Eastern Highway.Key Features of the Property: - 225 sqm building including small office and warehousing - 2 x lots - 1,008 sqm land - 100 sqm undercover work area- Excellent natural light and opportunity for racking - High truss roller door - Toilet and Shower onsite - Double Street Fronting providing Good Exposure - Leaseback from current tenant reflecting 6.5% return plus 5 year term + 5 year option considered with offers from $975,000 - Ample parking For more information or to arrange an inspection, please contact Lucas Glauch today on 0432 317 276...

Property History for 16 Morilla Rd, Mundaring, WA 6073

A timeline of how this property has performed in the market
Last Sold
$264,000
20 Jul 2024
  • 20 Jul 2024
    Sold for $264,000
  • 03 Dec 2021
    Listed for Sale Offers from $300,000
  • 06 Mar 2020
    Sold for $280,000
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About Mundaring 6073

The size of Mundaring is approximately 31.6 square kilometres. It has 20 parks covering nearly 63.6% of total area. The population of Mundaring in 2011 was 3,010 people. By 2016 the population was 3,045 showing a population growth of 1.2% in the area during that time. The predominant age group in Mundaring is 50-59 years. Households in Mundaring are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mundaring work in a professional occupation. In 2011, 76.4% of the homes in Mundaring were owner-occupied compared with 80.9% in 2016.

Mundaring has 1,660 properties. Over the last 5 years, Houses in Mundaring have seen a 74.21% increase in median value, while Units have seen a 27.65% increase. As at 31 October 2024:

  • The median value for Houses in Mundaring is $918,209 while the median value for Units is $452,542.
  • Houses have a median rent of $625.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Mundaring on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Mundaring.

Suburb Insights for Mundaring 6073

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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.