38-42 Patterson RoadRockingham WA 6168
Property Details for 38-42 Patterson Rd, Rockingham
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;
- 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
- 20 May 2024Sold for $4,600,000
- 18 Sep 2015Sold for $3,800,000
- 14 Jul 2015Listed 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 10,013 properties. Over the last 5 years, Houses in Rockingham have seen a 107.81% increase in median value, while Units have seen a 102.91% increase. As at 31 October 2024:
- The median value for Houses in Rockingham is $700,993 while the median value for Units is $486,218.
- Houses have a median rent of $570 while Units have a median rent of $500.
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