OFF MARKET

4B Iron Ore Street
Wedgefield WA 6721

Bedrooms: -
Bathrooms: 4
Car spaces: -
Floor area: 862m2
Land area: 1854m2
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Property Details for 4b Iron Ore St, Wedgefield

Building Type
Commercial
Floor Size
862m2
Land Size
1854m2
Local Government
Port Hedland
Lot/Plan
1/S063940

Last Listing description (April 2018)

High returning brand new workshop offering discerning investors a great location, superb quality asset, secured with a strong tenant on a 3.5 + 3 year lease and offering excellent tax depreciation. This property offers a fantastic place to park your cash for a strong and stable return, significantly above bank rates.
One of a kind, this enormous office & workshop premises has been built to an exceptionally high standard and is perfect for a large company with extensive workspace and storage requirements. Offering huge office and storage, mezzanine, expansive clear span workshop, drive through access, reinforced concrete site, it's built to impress.
The workshop features drive through access with three automatic entry doors plus an additional side located sliding door. Three phase power is provided and high bay lights fitted throughout.

Office facilities are just as impressive with construction in concrete tilt panel which offers excellent insulation in Port Hedland's warm climate. Ground floor offices are divided into a spacious reception area and varying offices all with air conditioning, as well as data and phone points wired in. Two kitchenettes are provided along with three bathrooms. Travel upstairs and you're greeted with an enormous open plan office with kitchenette, data and phone points and multiple windows overlooking the car park, Iron Ore and Manganese Streets.
The entire 1740m2 site is heavy duty reinforced concrete to suit heavy vehicle manoeuvring and heavy storage. Level and fenced, frontage to the street is landscaped and offers an attractive appearance.
This property makes an outstanding investment. Packed with features, this property is sure to impress:
-Leased and returning 10.9% net / $261,000 pa net
-Massive 862m2 total floor area
-Huge offices, three kitchenettes, four bathrooms
-Quality concrete tilt panel office construction
-Four entry points to workshop, three automatic
-Entire 1740m2 site heavy duty reinforced concrete, 15 car bays
-Absolute first class investment with strong depreciation
In an excellent location, the street attracts strong drive by traffic with high profile companies including Rexel Electrical Supplies located directly opposite, and Hitachi on a neighbouring site. This is a rarely available prime investment in the heart of Port Hedland's bustling industrial area.
For more information, call Crawford Realty's Commercial and Industrial Specialist Matt Buckley on 0412 780 130 today.

Property History for 4b Iron Ore St, Wedgefield, WA 6721

A timeline of how this property has performed in the market
Listed for Rent
$5.00k/w
12 Jul 2013
  • 16 Feb 2018
    Listed for Sale $2,390,000 gst free
  • 16 Jul 2017
    Listed for Sale $2,390,000 gst free
  • 29 Aug 2014
    Listed for Sale $2,495,000 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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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.