Calling all astute investors!! This prize workshop, positioned in the heart of Wedgefield - Port Hedland's primary industrial area - offers a versatile design in a very well built, modern premise. Fully insulated, the workshop contains three roller doors, to help keep cool in warmer weather. Modern ground floor office in excellent condition, fully air conditioned, eat in kitchen/crib room, two bathrooms. Part of a duplex spanning over an entire site of 1500m2, with each side - approx. 750m2 - securely fenced and currently used exclusively.Leased, with options to 2025, returning 9.78% NET, this property is attractive to investors, and also forward-looking business owners, with a longer term view to owner occupy.Feature summary:* Modern, well-built workshop* Fully air conditioned offices* Offices approximately 63m2* Mezzanine storage approx. 63m2* Workshop approx. 268m2* Fully insulated, 3 roller doors* Leased to 2024 with option to 2025* Strong return 9.78% net, with income growth potential.Manganese Street is a well regarded area, with closely located companies including Turbo Painting, Ryco, Minprovise, CWD, Toll and Pilbara Tools.For more information, contact Realmark Commercial Pilbara's Commercial and Industrial Specialist Eliza Mearns on 0416 048 929 today.
The size of Wedgefield is approximately 18.1 square kilometres. The population of Wedgefield in 2011 was 621 people. By 2016 the population was 145 showing a population decline of 76.7% in the area during that time. The predominant age group in Wedgefield is 40-49 years. Households in Wedgefield are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wedgefield work in a trades occupation. In 2011, 39.9% of the homes in Wedgefield were owner-occupied compared with 27.3% in 2016..
Wedgefield has 473 properties. Over the last 5 years, Houses in Wedgefield have seen a -42.92% decrease in median value, while Units have seen a -82.91% decrease. As at 31 October 2024:
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