2/137 Great Eastern HighwayRivervale WA 6103
Property Details for 2/137 Great Eastern Hwy, Rivervale
Last Listing description (February 2024)
For Sale: Premium Commercial Property in Rivervale With Rental ReturnProfessionals MC Commercial, is delighted to present Unit 2, 137 Great Eastern Highway, Rivervale.Location:Situated strategically on Great Eastern Highway, adjacent to the iFly (indoor skydiving) development, the property enjoys convenient access from both Great Eastern Highway and Belmont Ave. It is well-placed for access to Perth Airport (5 km) and the CBD (7 km).Details:Site Improvements: 302 sqm approximately Site Area: 250 sqm6 Parking bays including 2 internal car baysOccupancy Status: The property comes with a 2+2-years lease-back arrangement.Annual Rental: $57,750 PA plus outgoingsRental Return 7% PAZoning: The City of Belmont confirms the property is zoned for Office use.Statutory Approximately Outgoings:Water Rates: $1,897.40 PACouncil Rates: $1,989.24 PAStrata $ 1,073 PQLand Tax: $389.60 PAFor more details, please contact Robbie Doyle 0422978478
Property History for 2/137 Great Eastern Hwy, Rivervale, WA 6103
- 26 Apr 2024Sold for $790,000
- 09 Jan 2024Listed for Sale Price on Application
- 12 Apr 2022Listed for Sale $833,000
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About Rivervale 6103
The size of Rivervale is approximately 3.3 square kilometres. It has 15 parks covering nearly 3.2% of total area. The population of Rivervale in 2011 was 8,402 people. By 2016 the population was 10,389 showing a population growth of 23.6% in the area during that time. The predominant age group in Rivervale is 20-29 years. Households in Rivervale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rivervale work in a professional occupation. In 2011, 46.3% of the homes in Rivervale were owner-occupied compared with 43.8% in 2016.
Rivervale has 6,899 properties. Over the last 5 years, Houses in Rivervale have seen a 69.38% increase in median value, while Units have seen a 72.44% increase. As at 31 October 2024:
- The median value for Houses in Rivervale is $850,170 while the median value for Units is $543,942.
- Houses have a median rent of $750 while Units have a median rent of $615.
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