SOLD
Sold on 23 Nov 2023 for $603,900

5/3 Oxide Way
Wedgefield WA 6721

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 210m2
Land area: 268m2
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Property Details for 5/3 Oxide Way, Wedgefield

Building Type
Commercial
Floor Size
210m2
Land Size
268m2
Local Government
Port Hedland
Lot/Plan
5/S067754

Last Listing description (August 2014)

Ultra Modern Workshop with Spacious Office!
This brand new, ultra low maintenance, quality workshop is perfect for the growing Port Hedland business and a fantastic asset to any discerning investors portfolio. Expected to Lease in the current market for $6,900 per month - 10.5% net/ 12.3% gross.
Offering occupants a drive through workshop area of 161m2 approx, with generous internal offices of approx. 46m2, mezzanine level of approx. 50m2 and outdoor yard space of approx. 43m2 the features are abundant. With a total overall exclusive use area of approx. 319m2, this workshop offers excellent value.

With roller doors to the front and rear of the unit, all indoor and outdoor space is functional and accessible. Three car bays are allocated to the unit with several disabled and visitor bays to the complex.
Located in a brand new strata complex of six, the sophisticated and modern nature of this workshop is assured to attract quality corporate occupants.
Features include:
- Expected to Lease in the current market for $6,900 per month - 10.5% net/ 12.3% gross.
- Available leased for investors, vacant for owner occupiers
- Drive through workshop of approx. 161m2
- Spacious internal office/showroom fully air conditioned of approx. 46m2
- Mezzanine level approx. 50m2
- Exclusive use outdoor yard area of approx. 43m2
- Brand new & ultra low maintenance
- Huge growth in the region with large expansion projects underway
- A fantastic high return asset in a supercharged growth area
-
Offered with vacant possession for owner occupiers, or with an assured company lease in place for investors this property is a great purchase for those seeking a long term, low maintenance, high returning asset.
Construction completion is expected in December 2013 allowing purchasers to buy at today's prices and capitalise on months of growth prior to settlement.
With significant growth in the region a result of extensive expansion plans from major miners including BHP Billiton Iron Ore, Fortescue Metals Group, Atlas Iron and Hancock Prospecting, expansion and infrastructure projects throughout the area by the Port Hedland Port Authority, local council and state government in addition to substantial private and government sector building of residential premises this workshop is sure to capitalise on growing demand for industrial property both now, and into the long term future.
For more information please contact Crawford Realty Commercial and Industrial Specialist Eliza Mearns on commercial@crawfordrealty.com.au or 0416 048 929 now.
Whilst due care has been taken with the collection, calculation and estimation of all information contained within this advertisement, these figures & calculations are based on current market information only and are in no way a guarantee. Property markets are subject to change and as such any proposed property purchasers are always recommended to seek appropriate, independent advice to satisfy their decision to purchase any property at any time. Crawford Property Group or its' related entities do not offer financial, tax or legal advice and the content, figures and estimations featured within this advertisement should not be considered to be financial, tax or legal advice.

Property History for 5/3 Oxide Way, Wedgefield, WA 6721

A timeline of how this property has performed in the market
Last Sold
$603,900
23 Nov 2023
  • 23 Nov 2023
    Sold for $603,900
  • 05 Jan 2013
    Listed for Sale $789,000 + GST

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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 481 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 August 2024:

  • The median value for Houses in Wedgefield is $2,815,094 while the median value for Units is $310,149.
  • Houses have a median rent of $1,509.
There are currently 6 properties listed for sale, and 5 properties listed for rent in Wedgefield on OnTheHouse. According to CoreLogic's data, 23 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.