Oxide WayWedgefield WA 6721
Property Details for Lot 113 Oxide Way, Wedgefield
Last Listing description (July 2021)
Positioned in the heart of Port Hedland's primary industrial area Wedgefield, this stand out Industrial investment has been consistently leased since construction, to blue-chip, tier one companies. Currently leased to Downer EDI, providing over 10% net returns, in excellent condition. Feature Summary: High roof workshop approx. 800m210 tonne gantry crane, I beam frameDouble storey offices approx 360m2Fully air conditioned officesTwo kitchenettes, four bathrooms3524m2 fully fenced siteThree workshop entries, wash bayLeased to Downer EDI, over 10% net returnStrong depreciation benefits Purchase below replacement costLow maintenance, excellent conditionThis stand out property is to be sold for the first time, with a motivated seller. Call Realmark's Northwest Commercial and Industrial Specialist Eliza Mearns on 0416 048 929 today.
Property History for Lot 113 Oxide Way, Wedgefield, WA 6721
- 02 Jun 2021Sold for $3,000,000
- 03 May 2021Listed for Sale $3,270,000 gst free
- 24 Sep 2020Listed for Sale $3,300,000 WITH GST AS GOING CONCERN
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0About 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.
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