SOLD
Sold on 07 Dec 2023 for $1,760,000

Newman Drive
Newman WA 6753

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 584m2
Land area: 1916m2
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Property Details for Lot 2001 Newman Dr, Newman

Building Type
Commercial
Year Built
1994
Floor Size
584m2
Land Size
1916m2
Local Government
East Pilbara
Lot/Plan
2001/D085028

Last Listing description (February 2024)

Rare Investment Opportunity / High Net Returns!A very rare opportunity presents for a savvy investor to secure one of the most Iconic industrial buildings in the heart of Newman!!With a secure long lease to a multinational company you can be assured of a secure income for years to come safe in the knowledge you have purchased one of the most prominent industrial properties available in Newman. The property is situated in Newman Drive opposite the visitors centre and directly on the main road heading into the mine with hundreds of mine related vehicles passing the property each day.The property itself is impressive with a large reception area, six front offices with two of these being large enough for 3 workstations, boardroom, store room and reception. The office area leads to the impressive workshop with a large mezzanine and high roof offering amazing storage capacity and multiple roller door access points.The yard has front and rear access with a drive connected the front to rear running down the side of the building making access a breeze for vehicles and trailers.Further Features include:- Land Area 1916 m2- Main workshop approx. 440 m2- Mezzanine area approx. 120 m2- Office areas approx. 120 m2- Excellent facilities- Lunch room and male / female ablutions with shower- Rear store room off workshop- Large washdown bay- Drive through yard access with rear gated access from side roadConfidential lease details are available on request but the property offers a very high income level, net return and potential lease through to 2036!One of the best investment options seen in Newman for years, don't miss this rare opportunity. For further information contact Dave Rowe on 0400 313 566.Disclaimer:Crawford Realty makes every effort to ensure the information provided on this property is deemed to be correct at the time of publishing. Prospective buyers should view the property before making their decision.

Property History for Lot 2001 Newman Dr, Newman, WA 6753

A timeline of how this property has performed in the market
Last Sold
$1,760,000
07 Dec 2023
  • 07 Dec 2023
    Sold for $1,760,000
  • 10 Nov 2023
    Listed for Sale High $1 Millions
  • 12 Mar 2014
    Listed for Sale 1810200
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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 2,882 properties. Over the last 5 years, Houses in Newman have seen a 91.94% increase in median value, while Units have seen a 106.85% increase. As at 31 October 2024:

  • The median value for Houses in Newman is $300,976 while the median value for Units is $227,692.
  • Houses have a median rent of $650 while Units have a median rent of $430.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Newman on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Newman.

Suburb Insights for Newman 6753

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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.