OFF MARKET

29 Pinnacles Street
Wedgefield WA 6721

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 436m2
Land area: 3014m2
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Property Details for 29 Pinnacles St, Wedgefield

Building Type
Commercial
Year Built
2013
Floor Size
436m2
Land Size
3014m2
Local Government
Port Hedland
Lot/Plan
116/P068912

Last Listing description (October 2024)

Hedland First National presents to the market a premium investment opportunity located at 29 Pinnacles Street, Wedgefield which is part of the larger Port Hedland area. The 3,014sqm property is currently leased to Intertex Testing Services Pty Ltd. A global tenant with strong ties to PH that have been in situ since 2012. The well-established tenant entered a new 5-year lease term in 2023 which is in place expiring in 2028, with one additional five-year options offering annual rental increases.Port Hedland itself is an industrial port in the Pilbara region of Western Australia located approximately 1,800km north of Perth and is the largest bulk handling port in the world and a major contributor to the Western Australian and Australian economy.The Pilbara region anticipates a significant surge in development over the next 10-15 years, including in emerging industries that have not historically been here. This wave of new development, alongside the ongoing operational investment in established sectors such as iron ore is what will be the driving force behind the Pilbara's industrial and commercial property markets.Property Features include:- 3014m2 (approx.) Industrial Corner Block in Prime Location.- 453m2 (approx.) Total Building Area.- 257sqm(approx.) Workshop with Mezzanine floor for additional storage. - 3 Phase Power, 3 Roller Doors plus Personnel Door access from yard and offices. - 178m2 (approx.) Open Plan Office Space with Reception Area. - Large Kitchen, DDA toilet and separate toilet facilities. - Concrete Hardstand to entire yard space. - Fully Fenced Yard with excellent vehicle access via Pinnacles St and Oxide Way. - Property currently leased to a well established tenant . The property will always suit corporations with the highest standards and is the perfect address for a company to showcase their business.For ROI information, full lease details or to obtain a copy of the IM, Please contact Helen Farrell at Hedland First National Real Estate on 0417 428 667 or email; hfarrell@hfn.com.au

Property History for 29 Pinnacles St, Wedgefield, WA 6721

A timeline of how this property has performed in the market
Last Sold
$1,600,000
01 Apr 2016
Listed for Rent
$5.06k/w
02 Mar 2013
  • 15 Oct 2024
    Listed for Sale $2,550,000 GST FREE
  • 01 Apr 2016
    Sold for $1,600,000
  • 17 Jun 2015
    Listed for Sale $2,750,000 gst free
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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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