OFF MARKET

1 Northmore Street
Narembeen WA 6369

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 431m2
Land area: 2005m2
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Property Details for 1 Northmore St, Narembeen

Building Type
Commercial
Year Built
1964
Floor Size
431m2
Land Size
2005m2
Local Government
Narembeen
Lot/Plan
1/D029709

Last Listing description (May 2019)

Attention Astute Tradespeople and Investors - Carefully Consider this Package.
?AN IDYLLIC LIFESTYLE IN A SAFE, FRIENDLY, RURAL CENTRE JUST 289 KMS S/E OF PERTH
?EXCELLENT BUSINESS PROVIDING AN ABOVE AVERAGE INCOME

?RETURNING YOU 70% ON YOUR INITIAL INVESTMENT.
?EXCELLENT SOLID SECURE BUSINESS PREMISES. (A BRICKS AND MORTAR INVESTMENT)
?RETURNING YOU AN INITIAL 13.33% RETURN ON YOUR PROPERTY INVESTMENT.
Freehold $140,000 Business $150,000 PSAV
Long Established (over 40 Years) Above Average Highly Profitable Trades Business
Very high standard business premises comprised of:
A) 2006m2 rectangular corner lot
B) 651m2 of improvements made up of
Workshop areas 339m2
Garage paint room 204m2
Showroom 91m2
Office 17m2
Total 651m2
Huge opportunity to add additional businesses because of extensive premises e.g. mechanical services, electrical services. Take a tree change and live longer.
Narembeen is a safe, friendly community only 286kms east of perth with excellent amenities including a doctors surgery, a dentist, an IGA supermarket, post office, excellent schools, a hotel motel, community resource centre, an aged care facility plus excellent sporting and recreational facilities. Acquire this easily run business with ample opportunity to expand and diversify along with a lifestyle change that comes with a friendly, safe and excellently serviced rural community.
Click 'Virtual Tour 1' to view the Business Profile at www.fortune.net.au
Contact Phil Mulcahy

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Property History for 1 Northmore St, Narembeen, WA 6369

A timeline of how this property has performed in the market
Last Sold
$150,000
20 Jul 2021
  • 20 Jul 2021
    Sold for $150,000
  • 04 Jul 2017
    Listed for Sale Property $140,000 14.30% Return
  • 10 Jul 2012
    Sold for $100,000
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About Narembeen 6369

The size of Narembeen is approximately 1 square kilometres. It has 6 parks covering nearly 13.3% of total area. The population of Narembeen in 2011 was 463 people. By 2016 the population was 468 showing a population growth of 1.1% in the area during that time. The predominant age group in Narembeen is 60-69 years. Households in Narembeen are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Narembeen work in a managers occupation. In 2011, 61.3% of the homes in Narembeen were owner-occupied compared with 62.6% in 2016.

Narembeen has 342 properties. Over the last 5 years, Houses in Narembeen have seen a 182.73% increase in median value, while Units have seen a -52.86% decrease. As at 31 October 2024:

  • The median value for Houses in Narembeen is $218,752 while the median value for Units is $84,719.
There are currently 2 properties listed for sale, and no properties listed for rent in Narembeen on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Narembeen.

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