SOLD
Sold on 20 Jul 2023 for $1,550,000

3/38-40 Colin Street
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 129m2
Land area: 163m2
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Property Details for 3/38-40 Colin St, West Perth

Building Type
Commercial
Year Built
2003
Floor Size
129m2
Land Size
163m2
Local Government
Perth
Lot/Plan
3/S044277

Last Listing description (November 2023)

West Perth is a beacon for business in WA, where ASX security is paramount, 38-40 Colin Street offers investors just that.Realmark Commercial is pleased to present to market this premium leased investment opportunity at 1&3/38 Colin Street, West Perth.38 Colin Street presents the opportunity to invest into a premium office building with the security of a newly signed ASX listed mining tenant with an impressive covenant.The ground-floor office comprises a total NLA of 255sqm featuring a modern workspace including 7 private offices, an open plan working area, large boardroom, reception, kitchenette, and 4 dedicated car bays.With a modern facade surrounded by pristine gardens, 38 Colin Street is one of West Perth's most desired offerings for mining and professional service tenants.Opportunity Overview:- NLA: 255sqm*- 1 ASX tenant occupying both units- $89,250 net rent ($350/sqm)- 3-year lease just commenced 14/09/22- Modern fit-out featuring 7 private offices, boardroom, reception, kitchenette, and M&F toilets- 4 car bays- Boutique, well presented strata building- Abundance of natural light with front and side facing floor to ceiling windowsVacancies in West Perth have seen their biggest decline in 10 years, and businesses are soon to be joining the West Perth party. Roy Hill have invested $60M* in a new Ord Street location and Australian Development Capital have recently invested $13.1M* into a new building on Richardson Avenue.To access the relevant documents and information on the property, please follow the link below:https://app.reso.com.au/i/HKScpqUgXTo arrange a private viewing, please contact Greg Mitchinson or Brent Griffiths. *Approx.

Property History for 3/38-40 Colin St, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
$1,550,000
20 Jul 2023
  • 20 Jul 2023
    Sold for $1,550,000
  • 19 Oct 2022
    Listed for Sale Contact Agent
  • 03 Apr 2019
    Listed for Sale Not Disclosed
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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 5,890 properties.

    There are currently 65 properties listed for sale, and 51 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 331 properties were sold in the past 12 months in West perth.

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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.