SOLD
Sold on 20 May 2024 for $4,600,000

38-42 Patterson Road
Rockingham WA 6168

Bedrooms: -
Bathrooms: -
Car spaces: 58
Floor area: 1m2
Land area: 4368m2
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Property Details for 38-42 Patterson Rd, Rockingham

Building Type
Commercial
Year Built
1984
Floor Size
1m2
Land Size
4368m2
Local Government
Rockingham
Lot/Plan
1435/P211453

Last Listing description (October 2015)

Jones Lang LaSalle as exclusive agents are delighted to present to the market 38-42 Patterson Road, Rockingham, an exceptional freestanding investment with upside development potential.
The property is situated in a prominent position near the Rockingham foreshore and is within the city s Waterfront Village Precinct. It is opposite the Waterfront Village Green and within walking distance of the foreshore amenity. The offering represents a rare opportunity to acquire a substantial future development site that benefits from a high level of surrounding amenity, high exposure, strategic location and the added bonus of an investment yield income.
Key features of this outstanding offering are as follows;

- Substantial net income of $238,000 p.a. (approx.)
- Leased to ASX listed tenant Ardent Leisure Group until December 2020
- Significant site area totalling 4,368sqm (approx.)
- Substantial, high profile, high density future mixed-use development site
- Maximum 15 Storey or 52 metre development and possible R200 density
- High amenity, inner city Rockingham address
- Zoned Primary Centre - Waterfront Village
For Sale by Expressions of Interest closing 2pm (WST) Tuesday 18 August 2015.

Property History for 38-42 Patterson Rd, Rockingham, WA 6168

A timeline of how this property has performed in the market
Last Sold
$4,600,000
20 May 2024
  • 20 May 2024
    Sold for $4,600,000
  • 18 Sep 2015
    Sold for $3,800,000
  • 14 Jul 2015
    Listed for Sale Not Disclosed
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About Rockingham 6168

The size of Rockingham is approximately 12.9 square kilometres. It has 46 parks covering nearly 24% of total area. The population of Rockingham in 2011 was 14,159 people. By 2016 the population was 14,430 showing a population growth of 1.9% in the area during that time. The predominant age group in Rockingham is 50-59 years. Households in Rockingham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rockingham work in a trades occupation. In 2011, 59.1% of the homes in Rockingham were owner-occupied compared with 59.9% in 2016.

Rockingham has 9,984 properties. Over the last 5 years, Houses in Rockingham have seen a 105.65% increase in median value, while Units have seen a 90.19% increase. As at 30 September 2024:

  • The median value for Houses in Rockingham is $696,755 while the median value for Units is $468,126.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 70 properties listed for sale, and 37 properties listed for rent in Rockingham on OnTheHouse. According to CoreLogic's data, 688 properties were sold in the past 12 months in Rockingham.

Suburb Insights for Rockingham 6168

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Disclaimer
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.