OFF MARKET

34 Pinnacles Street
Wedgefield WA 6721

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3644m2
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Property Details for 34 Pinnacles St, Wedgefield

Building Type
Commercial
Land Size
3644m2
Local Government
Port Hedland
Lot/Plan
1402/P172514

Last Listing description (September 2011)

LOOK NO FURTHER THAN THIS PROPERTY!
A great investment opportunity has presented itself for an investor to purchase one of the larger industrial blocks in Wedgefield. This block is 3643m2 with a 40m road frontage and is 91m deep making it ideal for large commercial vehicles or plant and equipment.
The amenity on this block is well placed

and well designed in the front corner and includes a shed of approx. 200m2 with a modern comfortable Caretaker's residence. This leaves the rest of the block wide open and suitable to truck movements and storage of large quantities of plant, equipment or stock. The property is a credit to its owner and tenant and presents well from the street with a modern steel slat fence, dual entry and gravel hardstand.
34 Pinnacles is well situated in a very desirable location facing the new land release areas which can only give it an edge in the rental market with good exposure and can share in the new street scape and vision of Port Hedland's growing industrial sector.
Leased to a BLUE CHIP tenant with future options still pending, this property is a great investment. 34 Pinnacles also has an attribute slowly disappearing in Wedgefield and that is land size. The next expected land releases are smaller, mostly around 2000m2 plus they are not allowed to have Caretakers' residences.
This property ticks all the boxes.
Ring now to arrange an inspection. Property sold in AS IS condition as a going concern.

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Property History for 34 Pinnacles St, Wedgefield, WA 6721

A timeline of how this property has performed in the market
Last Sold
$1,925,000
13 Oct 2011
  • 13 Oct 2011
    Sold for $1,925,000
  • 12 Apr 2011
    Listed for Sale $1,800,000 GST N/A
  • 04 Jun 2007
    Sold for $570,000
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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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