SOLD
Sold on 08 Jul 2024 for $650,000

1/46 Paramount Drive
Wangara WA 6065

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 250m2
Land area: 251m2
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Property Details for 1/46 Paramount Dr, Wangara

Building Type
Commercial
Year Built
2000
Floor Size
250m2
Land Size
251m2
Local Government
Wanneroo
Lot/Plan
1/S038602

Last Listing description (October 2024)

The good:
In a prime, street front position, the purchase of this office warehouse comes with a powerful street presence yielding obvious signage benefits to the occupier. This being coupled with an outstanding location which offers ease of access/egress in all directions via Ocean Reef Road, Hartman Drive & Lenore Road. It really is an ideal place to nurture a growing business. Possessing 251sqm of floor space, this building has the potential to house all sorts of businesses & provides the necessary tools to continue a progressive rate of growth.

The not-so-good:

This property will come with a low-yielding lease which is set to expire on the 14th of December, 2025.

Features include:
Concrete tilt panel construction.
Ample parking.
Alarm system.
Insulated metal deck roof.
Air Conditioned Office.
Amenities include Kitchenette and toilet.
Single and 3 Phase GPOs.
Easy access to Ocean Reef Road & Hartman Drive.
NBN available.

Brave your way through the low-yield investment and get yourself into a high-yield investment ready for 2026. SMS Glen O'Brien today on 0418 923 123 for more information.

Property History for 1/46 Paramount Dr, Wangara, WA 6065

A timeline of how this property has performed in the market
Last Sold
$650,000
08 Jul 2024
Listed for Rent
$383/w
16 Jan 2021
  • 08 Jul 2024
    Sold for $650,000
  • 24 Apr 2024
    Listed for Sale Under Offer
  • 02 Aug 2019
    Listed for Rent $20,000 / year
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About Wangara 6065

The size of Wangara is approximately 5.6 square kilometres. It has 2 parks covering nearly 0.7% of total area. The population of Wangara in 2011 was 38 people. By 2016 the population was 28 showing a population decline of 26.3% in the area during that time. The predominant age group in Wangara is 50-59 years. Households in Wangara are primarily couples with children and are likely to be repaying not stated per month on mortgage repayments. In general, people in Wangara work in a trades occupation. In 2006, 23.1% of the homes in Wangara were owner-occupied compared with 55.6% in 2011..

Wangara has 2,730 properties. Over the last 5 years, Houses in Wangara have seen a 107.98% increase in median value, while Units have seen a 34.49% increase. As at 31 October 2024:

  • The median value for Houses in Wangara is $952,194 while the median value for Units is $580,785.
There are currently 12 properties listed for sale, and 11 properties listed for rent in Wangara on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Wangara.

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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.