SOLD
Sold on 30 Nov 2023 for $1,600,000

6 Panizza Way
Newman WA 6753

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 440m2
Land area: 2013m2
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Property Details for 6 Panizza Way, Newman

Building Type
Commercial
Year Built
1990
Floor Size
440m2
Land Size
2013m2
Local Government
East Pilbara
Lot/Plan
1660/P216237

Last Listing description (May 2024)

Rarely offered, in the tightly held Newman industrial market, this versatile property offers high roof workshop, rear positioned was are and separate enclosed storage. Leased to 2025, with a 2 year option. Investors expect to achieve 10% net returns.Feature summary:* Leased to 2025, expect 10% net returns* Lease option 2 years to 2027* 370m2* high roof, 2 roller door workshop* Kitchenette/lunch room & ablutions* 150m2* lockup store room* Wash bay 150m2** Transportable office 30m2** 2013m2 fully fenced site* Tightly held, rarely availableFor more information, contact Realmark Commercial Pilbara's Commercial and Industrial Specialist Eliza Mearns on 0416 048 929 today.

Property History for 6 Panizza Way, Newman, WA 6753

A timeline of how this property has performed in the market
Last Sold
$1,600,000
30 Nov 2023
  • 11 May 2024
    Listed for Sale Contact Agent
  • 30 Nov 2023
    Sold for $1,600,000
  • 10 Nov 2023
    Listed for Sale Mid $1 Millions
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About Newman 6753

The size of Newman is approximately 27,986.7 square kilometres. It has 13 parks. The population of Newman in 2011 was 9,086 people. By 2016 the population was 7,242 showing a population decline of 20.3% in the area during that time. The predominant age group in Newman is 30-39 years. Households in Newman are primarily couples with children and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Newman work in a machinery operators and drivers occupation. In 2011, 18.6% of the homes in Newman were owner-occupied compared with 8.6% in 2016.

Newman has 2,885 properties. Over the last 5 years, Houses in Newman have seen a 78.26% increase in median value, while Units have seen a 131.19% increase. As at 31 July 2024:

  • The median value for Houses in Newman is $299,457 while the median value for Units is $220,919.
  • Houses have a median rent of $650 while Units have a median rent of $450.
There are currently 18 properties listed for sale, and 7 properties listed for rent in Newman on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Newman.

Suburb Insights for Newman 6753

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Crawford Realty
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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.