SOLD
RECENT ADVICE
Sold on 07 Aug 2024 for $5,115,000

10 Lancaster Road
Wangara WA 6065

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 902m2
Land area: 2927m2
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Property Details for 10 Lancaster Rd, Wangara

Building Type
Commercial
Year Built
2006
Floor Size
902m2
Land Size
2927m2
Local Government
Wanneroo
Lot/Plan
121/P021718

Last Listing description (August 2024)

Burgess Rawson is delighted to offer to the market Wanneroo Isuzu at 10 Lancaster Road, Wangara WA 6065 for sale via Investment Portfolio Auction 170.+ 12 year lease to 2030 plus options to 2055.+ Isuzu Ute - Australian new car sales up 28.4% year-on-year. (1)+ Landlord-favourable net lease, with tenant responsible for all outgoings.+ Annual CPI + 1% rent reviews.+ Modern immaculate 924sqm* freestanding dealership incorporating showroom, offices, service centre and car wash.+ Landmark 2,927sqm* corner freehold site with 112 metre* dual frontage, plus clear visual exposure to 33,000 vehicles passing daily on Wanneroo Road. (2)+ Booming Car Sales Industry: 97,202 new car sales sold across Australia in April 2024 up 18.3% Year-on-Year. (1)+ National covenant Autoleague sells over 40,000 cars per year and employs over 1,500 people.+ Wangara's average number of vehicles per household is 2.06, well above the national average of 1.76. (2)+ Position perfect within the Wangara dealership precinct, amongst Mazda, Mitsubishi, Toyota, Hyundai, MG, Ford, Nissan, Subara, Volkswagen, Kia, Suzuki plus more.+ City of Wanneroo: Booming growth location, 18km* north of Perth CBD, with population forecast to grow 63%* to 437,016 by 2041. (3)+ Net income: $365,857pa* + GST (as at June 2024).To be sold by Investment Portfolio Auction:?10:30am (AEST) Wednesday 7 August 2024River Room, Crown Casino, MelbournePlease contact the exclusively appointed sales team for more information.WA OfficeBrodie Keay 0403 552 809Chris Carcione 0415 393 082Richard Giorgi 0468 697 093Melbourne OfficeRaoul Holderhead 0413 860 304Matthew Wright 0458 290 588*Approx1 FCAI2 GapMaps3 .id

Property History for 10 Lancaster Rd, Wangara, WA 6065

A timeline of how this property has performed in the market
Last Sold
$5,115,000
07 Aug 2024
  • 07 Aug 2024
    Sold for $5,115,000
  • 30 Jul 2024
    Listed for Sale Price on Application
  • 07 Feb 2020
    Sold for $3,800,000
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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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