OFF MARKET

1/202 Star Street
Welshpool WA 6106

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 149m2
Land area: 245m2
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Property Details for 1/202 Star St, Welshpool

Building Type
Commercial
Year Built
1991
Floor Size
149m2
Land Size
245m2
Local Government
Victoria Park
Lot/Plan
6/S041234

Last Listing description (November 2023)

Unit 1, 202 Star Street comprises a quality unit situated in a busy industrial precinct within Welshpool - leased to 'Island Vibes Caf' until October 2029.

Operating as a lunch bar and catering facility, the building of 149sqm occupies a prominent corner position within the four unit complex and comprises a glazed shop front with brick elevations and metal deck roof cover. Situated on a 245sqm survey strata lot, a 96sqm yard provides ample parking across seven (7) parking bays and bonus yard space.

Key Features

* Over Six years remaining on lease
* Core Welshpool Location
* Net Passing Income of $38,189 pa
* Survey Strata Lot - 245sqm

Tenancy Details
* Tenant: Island Vibes Caf
* Net Rent: $38,189 pa
* Lease expiry: October 2029
* Reviews: Annual to CPI

Property History for 1/202 Star St, Welshpool, WA 6106

A timeline of how this property has performed in the market
Last Sold
$650,000
12 Sep 2023
  • 12 Sep 2023
    Sold for $650,000
  • 23 Aug 2023
    Listed for Sale Early $700,000s (Nil GST - Going Concern)

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About Welshpool 6106

The size of Welshpool is approximately 8.3 square kilometres. It has 6 parks covering nearly 0.6% of total area. The population of Welshpool in 2011 was 18 people. By 2016 the population was 9 showing a population decline of 50.0% in the area during that time. The predominant age group in Welshpool is 30-39 years. In general, people in Welshpool work in a trades occupation..

Welshpool has 1,592 properties. Over the last 5 years, Units in Welshpool have seen a -17.00% decrease in median value. As at 31 October 2024:

  • The median value for Houses in Welshpool is $696,900 while the median value for Units is $332,806.
There are currently 1 property listed for sale, and 1 property listed for rent in Welshpool on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Welshpool.

Suburb Insights for Welshpool 6106

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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.