SOLD
Sold on 20 Aug 2024 for $1,126,000

5/31 Council Avenue
Rockingham WA 6168

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 325m2
Land area: 325m2
Sold By
Harley Van Der Wielen
Empire Commercial Property
Tim Stewart
Empire Commercial Property
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Property Details for 5/31 Council Ave, Rockingham

Building Type
Commercial
Year Built
2006
Floor Size
325m2
Land Size
325m2
Local Government
Rockingham
Lot/Plan
5/S049320

Last Listing description (September 2024)

Empire Commercial Property are pleased to present 5/31 Council Avenue Rockingham For Sale.

This property is located right in the heart of Rockingham City; within a short walking distance to Rockingham City Shopping Centre, Cinema & Restaurant Precinct, and all other amenities that the Rockingham City Centre has to offer including the nearby Bus Station.

Currently leased to a quality tenant being Multiple Sclerosis of Western Australia (MSWA) since 2014. The current lease term expires in January 2025 with the tenant agreeing to extend for a further 2.5 years which includes a further 2.5 year option.

The property has been fitted out to meet Government Disability Standards, this property offers a solid and secure income stream for an astute investor.

Lease Terms
Current Rent: $76,102.52pa+GST
Current Outs: $17,065.00pa +GST (Payable by the tenant)

New rent at the option 1st of February 2025: $80,000pa +GST + Outs Fixed for the following year until option.

Other Features Include;
Building Area 325sqm
Dual entrance
Suit multiple Use (STCA)
Multiple office spaces
Kitchenette and pantry area
Storage Room
Staff Bathroom
Car Bays

For Further information please contact Harley Van Der Wielen on 0410 680 783/ harley@empireproperty.com.au or Tim Stewart on 0419 834 988/ tim@empireproperty.com.au

Property History for 5/31 Council Ave, Rockingham, WA 6168

A timeline of how this property has performed in the market
Last Sold
$1,126,000
20 Aug 2024
Listed for Rent
$1.59k/w
31 Jul 2014
  • 20 Aug 2024
    Sold for $1,126,000
  • 26 Jun 2024
    Listed for Sale Contact Agent
  • 05 Oct 2021
    Sold for $985,000
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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 10,010 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.
There are currently 74 properties listed for sale, and 37 properties listed for rent in Rockingham on OnTheHouse. According to CoreLogic's data, 675 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.