1/101 Francis StreetNorthbridge WA 6003
Property Details for 1/101 Francis St, Northbridge
Last Listing description (April 2024)
Looking for an investment in a prime location, on the ground floor and leased to a national platform tenant? Look no further!
Part of a boutique building consisting of architects, legal firms, accountants and other professional consultancies.
Unit 1 is the only office on the ground floor and has dual entry. Fully self contained with its own toilets and kitchenette.
What sets this office apart from others in the area are the two undercover and secure car bays. This above-average ratio of car bays to office size is a rarity in Northbridge and the city fringe in general.
Street parking is also available directly in front of the building and there is a City of Perth carpark directly opposite with 84 bays.
Features and benefits of the opportunity:
- 3 year lease
- 84m2 internal area
- Ground floor/street frontage
- Dual access premises
- Ducted reverse cycle air con (Daikin)
- Toilet/shower (wheelchair accessible)
- Tea prep area with full sink
- 2 car bays (secure and undercover)
- Walking distance to Perth Train Station, the new ECU City Campus (under construction), Perth Arena, Perth Museum and Cultural Centre and the CBD.
Northbridge is known for its eateries, thriving arts & cultural scene, and the high number of overseas students that use and frequent the precinct. Businesses in Northbridge are further set to benefit from the construction of the ECU City Campus expected to be welcoming its first students in Semester 1 of 2026.
Photos are of previous tenancy. All furniture has been removed.
Terms of the lease are available by contacting the exclusive selling agent.
Property History for 1/101 Francis St, Northbridge, WA 6003
- 01 Feb 2024Sold for $479,000
- 05 May 2023Listed for Rent $29,500 / year
- 19 Nov 2022Listed for Sale Contact Agent
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About Northbridge 6003
The size of Northbridge is approximately 0.4 square kilometres. It has 3 parks covering nearly 7.2% of total area. The population of Northbridge in 2011 was 1,007 people. By 2016 the population was 1,290 showing a population growth of 28.1% in the area during that time. The predominant age group in Northbridge is 20-29 years. Households in Northbridge are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northbridge work in a professional occupation. In 2011, 28.8% of the homes in Northbridge were owner-occupied compared with 34% in 2016.
Northbridge has 1,310 properties. Over the last 5 years, Houses in Northbridge have seen a -15.83% decrease in median value, while Units have seen a 36.66% increase. As at 31 August 2024:
- The median value for Houses in Northbridge is $662,228 while the median value for Units is $541,577.
- Houses have a median rent of $395 while Units have a median rent of $650.
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