Elders have listed an outstanding investment opportunity in the large regional town of Northam.
143 Fitzgerald Street is a showroom/retail property centrally located on a 469m2* block in the main street of Northam. The property presents in good condition and is currently tenanted to long term tenants Northam Carpet Court.
This is a great opportunity to purchase a sound investment property in a very strong and vibrant regional country town. Northam is a historical Western Australian town located on the banks of the Avon River - approximately 100km from the Perth CBD.
Northam Carpets is also for sale at $500,000 + stock; – great opportunity to purchase both property and business or just one or the other. Either way this is an opportunity not to miss.
Buyers Note: All measurements/dollar amounts are approximate only and generally marked with an * (Asterisk) for reference. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including a visual inspection before entering into an offer and should not rely on the photos or text in this advertising in making a purchasing decision
The size of Northam is approximately 26.8 square kilometres. It has 24 parks covering nearly 6.8% of total area. The population of Northam in 2011 was 6,580 people. By 2016 the population was 6,572 showing a population decline of 0.1% in the area during that time. The predominant age group in Northam is 50-59 years. Households in Northam are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Northam work in a trades occupation. In 2011, 66.5% of the homes in Northam were owner-occupied compared with 64.2% in 2016.
Northam has 4,252 properties. Over the last 5 years, Houses in Northam have seen a 106.71% increase in median value, while Units have seen a 23.84% increase. As at 31 July 2024:
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