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

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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 1,603 properties. Over the last 5 years, Units in Welshpool have seen a -17.00% decrease in median value. As at 30 November 2024:

  • The median value for Houses in Welshpool is $721,332 while the median value for Units is $332,806.
There are currently 1 property listed for sale, and 2 properties listed for rent in Welshpool on OnTheHouse. According to CoreLogic's data, 34 properties were sold in the past 12 months in Welshpool.

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