OFF MARKET

4 Forge Street
Welshpool WA 6106

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2350m2
Land area: 4801m2
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Property Details for 4 Forge St, Welshpool

Building Type
Commercial
Year Built
1972
Floor Size
2350m2
Land Size
4801m2
Local Government
Canning
Lot/Plan
501/D093400

Last Listing description (March 2023)

4 Forge Street is a leased industrial investment property with a new 5 year lease in a core Welshpool location.

The value of the investment is underpinned by its underlying land value and the lands proximity to Perth road, rail and airport infrastructure.


Prime industrial corner, just off both Orrong Road and Leach Highway in Welshpool. Improved with some 2,350sqm of industrial office/warehouse. This property provides the opportunity for investment and medium to long term capital growth and redevelopment/refurbishment potential.

KEY FEATURES
New 5 year lease commencing expiring 14 March 2024 providing a net rental of $180,000 p.a.
Corner site totaling 4,801sqm*
Two street frontages totaling a combined 133.52 metres*
A-grade industrial location just off Leach Highway, 15 minutes from Perth and in close proximity to Perth Airport and access to the Perth Road network
Future refurbishment/subdivision/redevelopment potential
Zoned "General Industrial"

The property is for sale by Private Treaty with an asking price of $2,450,000. For further details or to arrange an inspection, please contact the exclusive selling agents.

*approx

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Property History for 4 Forge St, Welshpool, WA 6106

A timeline of how this property has performed in the market
Last Sold
$2,350,000
28 Aug 2019
Listed for Rent
$3.93k/w
26 Jul 2014
  • 28 Aug 2019
    Sold for $2,350,000
  • 20 Jun 2019
    Listed for Sale Contact Agent
  • 22 Oct 2018
    Listed for Sale Request for Offers closing Thursday 22 November
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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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