SOLD
Sold on 14 Sep 2024 for $1,200,000

5/103 Flora Terrace
North Beach WA 6020

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 128m2
Land area: 128m2
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Property Details for 5/103 Flora Tce, North Beach

Building Type
Commercial
Year Built
2011
Floor Size
128m2
Land Size
128m2
Local Government
Stirling
Lot/Plan
5/S062317

Last Listing description (December 2024)

We are thrilled to present an exceptional investment opportunity in the heart of North Beach. Suites 4 and 5 at 103 Flora Terrace are now available for sale. These premium commercial units are currently leased to Haiven Property until 2026, offering a secure and attractive return on investment.

Key Features:

- High-Exposure Location: Situated on the bustling Flora Terrace, these units boast fantastic frontage and are part of a vibrant commercial hub. The location guarantees high visibility and foot traffic, perfect for any business looking to make a mark.

Leased to 2026: With a reliable tenant in place, investors can enjoy steady rental income. Haiven Property has established itself as a reputable occupant, ensuring peace of mind for the future owner.

- Modern Amenities: Each unit is designed with contemporary features, including carpeted floors, suspended ceilings, and ample lighting. Additionally, they come equipped with kitchen facilities, making them move-in ready.

- Ample Parking: The property includes access to secure underground parking and plenty of council street parking, ensuring convenience for both tenants and their clients.

- Prime Coastal Position: Located just meters away from the beach, these units are within walking distance of numerous cafes, restaurants, and retail shops, enhancing their appeal to a wide range of businesses.

Investment Details:
- both units are 128 sqm each, buy one or buy both
- secure underground parking
- featuring end-of-trip facilities and public transport access
- Annual Rental Income: $48,707 per unit
- Lease Term: Until January 2026, with potential for extension

This is an A-grade development in one of North Beach's most sought-after areas. The combination of its prime location, modern facilities, and strong lease terms make this an opportunity not to be missed.

For further details or to arrange a viewing, please contact Christopher Tana at ProProperty Group on 0437 158 225 or Spiro Agapitos at Vita Property Group on 0401 137 764.

Secure your slice of North Beach's thriving commercial scene today..

Property History for 5/103 Flora Tce, North Beach, WA 6020

A timeline of how this property has performed in the market
Last Sold
$1,200,000
14 Sep 2024
Listed for Rent
08 Dec 2015
  • 14 Sep 2024
    Sold for $1,200,000
  • 08 Aug 2024
    Listed for Sale SOLD
  • 13 Oct 2015
    Listed for Rent $30,000 / year
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About North Beach 6020

The size of North Beach is approximately 2.1 square kilometres. It has 8 parks covering nearly 36% of total area. The population of North Beach in 2011 was 3,090 people. By 2016 the population was 3,398 showing a population growth of 10.0% in the area during that time. The predominant age group in North Beach is 40-49 years. Households in North Beach are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Beach work in a professional occupation. In 2011, 60.1% of the homes in North Beach were owner-occupied compared with 64.4% in 2016.

North Beach has 1,952 properties. Over the last 5 years, Houses in North Beach have seen a 96.77% increase in median value, while Units have seen a 51.72% increase. As at 30 November 2024:

  • The median value for Houses in North Beach is $1,841,032 while the median value for Units is $701,929.
  • Houses have a median rent of $1,050 while Units have a median rent of $650.
There are currently 15 properties listed for sale, and 2 properties listed for rent in North beach on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in North beach.

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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.