SOLD
Sold on 04 Apr 2024 for $270,000

12/58 Newcastle Street
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 93m2
Land area: 83m2
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Sold By
Ron Farris Real Estate Pty Ltd
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Property Details for 12/58 Newcastle St, Perth

Building Type
Commercial
Year Built
2008
Floor Size
93m2
Land Size
83m2
Local Government
Vincent
Lot/Plan
12/S051741

Last Listing description (April 2024)

Ron Farris Real Estate as exclusive agents are pleased to present to the market For Sale Suite 12, 58 Newcastle Street, Perth.This property offers an affordable opportunity to secure a quality leased investment in a modern strata complex.PROPERTY HIGHLIGHTS- Strata area of 56m2* with 2 secure car bays.- Property comprises of 1 main open plan area, kitchenette and storage area.- Modern, high quality fit out, abundant natural light.- Net income $15,450 pa + GST. Comprising of Net passing rental $13,050 pa plus GST and car bays rental $2,400 pa plus GST.- Lease term 3 years ending 01.09.25.- Two 3-year options.- Zoned Mixed Use R100 under the City of Vincent Local Planning Scheme No 2.- Sought after location offering excellent connectivity to Graham Farmer Freeway system, close proximity to public transport and the CBD/Northbridge precinct.- Air conditioned.- Nil GST sold as a going concern.- Great opportunity for entry into the commercial property market.For further information, please contact the exclusive listing agent via the details below.*Approximate area only

Property History for 12/58 Newcastle St, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$270,000
04 Apr 2024
Listed for Rent
$250/w
21 Sep 2022
  • 04 Apr 2024
    Sold for $270,000
  • 07 Apr 2023
    Listed for Sale UNDER OFFER
  • 21 Apr 2022
    Listed for Rent $13,050 / year
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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2011 was 9,236 people. By 2016 the population was 11,424 showing a population growth of 23.7% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation. In 2011, 37.1% of the homes in Perth were owner-occupied compared with 35.1% in 2016.

Perth has 11,665 properties. Over the last 5 years, Houses in Perth have seen a 33.11% increase in median value, while Units have seen a 45.23% increase. As at 31 October 2024:

  • The median value for Houses in Perth is $1,023,675 while the median value for Units is $548,965.
  • Houses have a median rent of $700 while Units have a median rent of $655.
There are currently 164 properties listed for sale, and 80 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 823 properties were sold in the past 12 months in Perth.

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