SOLD
Sold on 26 Jul 2024 for $2,500,000

10 Walker Avenue
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 221m2
Land area: 708m2
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Property Details for 10 Walker Ave, West Perth

Building Type
Commercial
Year Built
1950
Floor Size
221m2
Land Size
708m2
Local Government
Perth
Lot/Plan
72/P002167

Last Listing description (October 2024)

As Exclusive Selling Agents, we are delighted to present to market For Sale, 10 Walker Avenue, West Perth.10 Walker Avenue encompasses an appealing, well-maintained character building consisting of a single-storey 200sqm* office / consulting rooms with a mezzanine level. It boasts ample parking space at the front, side, and rear of the premises. The 708sqm* underlying land area offers versatility in use and is supported by a planning framework that allows for higher density redevelopment possibilities. Currently a junior resource exploration company occupies the premises on an informal periodic lease basis.Key Benefits: - Suitable for character offices, consulting rooms, or alternative uses (STCA) - Land Area: 708sqm* - Building Area: 200sqm* - 10-15 car parking bays - Exclusive 'Kings Park' locale- Positioned on the high side of the street for an elevated outlook- Convenient access to the Perth CBD through the gateway connectivity- Generous frontage and street presence - Rear access through a sealed and gazetted Right of Way (ROW)- Monthly holding income - Zoning 'Office/Residential' use- Draft of the new scheme suggests a 'Medium Scale Mixed Use'- Proposed increased height (up to 12 storeys) and plot ratioLocation: The enviable location is within Perth's free transit zone which provides convenient access to the CBD and is walking distance to Perth's renowned Kings Park, the western end of Subiaco and West Perth's Hay Street amenity hub. It is also strategically located near major arterial roads, freeways north and south providing excellent connectivity to the CBD, western suburbs and surrounds.West Perth has transformed into a dynamic landscape featuring a blend of corporate office buildings, medical premises, retail spaces, hospitality venues, and entertainment facilities. In addition to being the key office precinct outside the Perth CBD, modern residential infill projects such as high-density mixed-use buildings and hotels are soon to become an integral part of this evolving urban precinct. Planning: The City of Perth is currently in an advanced stage of adopting a new planning scheme, with a particular focus on the renewal of the West Perth precinct. This initiative is poised to pave the way for increased height and diverse infill development, bringing about an increase in population and the enhancement of amenities.Additional Opportunity: 12 Walker Avenue, West Perth is also available to purchase which comprises 200sqm of recently renovated and refurbished character office / consulting rooms and sits on 708sqm of land area benefitting from ROW access. Statutory Outgoings (FY 22/23 Estimate): Land Tax $10,218* pa Council Rates $7,838.50* pa Water Rates $2,242.26* paPlease contact the Exclusive Selling Agents Jack Bradshaw and Jake Wallman to arrange and inspection or further information.* approximate(STCA) Subject to Council Approval

Property History for 10 Walker Ave, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
$2,500,000
26 Jul 2024
Listed for Rent
$1.26k/w
09 Dec 2010
  • 26 Jul 2024
    Sold for $2,500,000
  • 18 Jul 2024
    Listed for Sale All Reasonable Offers Considered
  • 01 Dec 2023
    Listed for Sale All Reasonable Offers Considered
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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2011 was 5,167 people. By 2016 the population was 5,618 showing a population growth of 8.7% in the area during that time. The predominant age group in West Perth is 20-29 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation. In 2011, 34.7% of the homes in West Perth were owner-occupied compared with 33% in 2016.

West Perth has 5,779 properties. Over the last 5 years, Houses in West Perth have seen a 40.02% increase in median value, while Units have seen a 37.74% increase. As at 31 October 2024:

  • The median value for Houses in West Perth is $1,050,180 while the median value for Units is $570,414.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 72 properties listed for sale, and 34 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 359 properties were sold in the past 12 months in West perth.

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Sterling Property Co
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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.