OFF MARKET

1/14 Manganese Street
Wedgefield WA 6721

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 270m2
Land area: 443m2
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Property Details for 1/14 Manganese St, Wedgefield

Building Type
Commercial
Year Built
2012
Floor Size
270m2
Land Size
443m2
Local Government
Port Hedland
Lot/Plan
1/S063183

Last Listing description (November 2024)

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.

Property History for 1/14 Manganese St, Wedgefield, WA 6721

A timeline of how this property has performed in the market
Last Sold
$1,135,000
17 Apr 2012
Listed for Rent
16 Nov 2022
  • 03 Sep 2024
    Listed for Sale $649,000 gst free going concern
  • 18 Dec 2023
    Listed for Sale $649,000 gst free going concern
  • 27 Jul 2022
    Listed for Rent $60,000 / year
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About Wedgefield 6721

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:

  • The median value for Houses in Wedgefield is $510,407 while the median value for Units is $338,469.
  • Houses have a median rent of $3,000.
There are currently 5 properties listed for sale, and 1 property listed for rent in Wedgefield on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Wedgefield.

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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.