Raine & Horne Commercial & Alliance Commercial are pleased to present to market 36 Lancaster Road Wangara as a leased investment sale.This standalone corner site is leased to GPC Asia Pacific offering a solid commercial investment.- 1,500sqm corner site (Lancaster Road & Bessemer Way)- 254sqm showroom/office (combination open plan and separate offices)- 584sqm clear span high truss warehouse- Large electric roller door- Fenced parking- Kitchen and toiletsLease details;Lessee: GPC Asia PacificRent: $74,310.22pa + Outgoings + GSTTerm: Expires 16/08/2025 + 3 year optionsRent reviews: Higher of CPI/3% annual increase. Market review at lease expiry.Offers InvitedFor further information or to arrange a viewing please contact exclusive Joint agents.
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 2,735 properties. Over the last 5 years, Houses in Wangara have seen a 107.05% increase in median value, while Units have seen a 35.16% increase. As at 30 November 2024:
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