SOLD
Sold on 31 Jan 2024 for $484,000

5/56 Kings Park Road
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 68m2
Land area: 83m2
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Property Details for 5/56 Kings Park Rd, West Perth

Building Type
Commercial
Floor Size
68m2
Land Size
83m2
Local Government
Perth
Lot/Plan
15/S004383

Last Listing description (October 2023)

BLANK CANVAS - STRATA OFFICE WITH PREMIUM KINGS PARK ROAD ADDRESS

Combined internal strata area of 138 sqm* comprising Pt 5 (68 sqm) and Pt 6 (70 sqm).

Clean warm shell
2 reserved car bays (1 per unit)
Great natural light with views of the Kings Park green belt
Suits owner occupier or investor

Knight Frank is pleased to present Unit 5 & 6, 56 Kings Park Road, West Perth for sale, with the opportunity to acquire two adjoining strata units on the first floor. Both units are offered with a well-presented warm shell with the possibility to move in immediately or complete a brand-new fitout. Features ample natural light with unit 5 having views of the Kings Park green belt.

West Perth is Perth's largest and most prominent metropolitan office locality outside and adjacent to the Perth City Business District. The property enjoys a central location along Kings Park Road, a major arterial road, providing direct access to the Perth CBD, Western Suburbs, and wider freeway networks. The locality is served by a variety of food and beverage amenities, as well as public transport, with CAT bus stops located along Kings Park Road for quick access in and out of the CBD and beyond.

These strata offices present a prime location for your business in the vibrant West Perth office precinct, which continues to evolve as a dynamic and favourable alternative to the Perth CBD.

The properties are offered as "Vacant Possession" and are available separately or in one line.

To arrange an inspection or further details, please contact the exclusive selling agents:

Zach Schreier
0452 071 037
Zach.schreier@au.knightfrank.com

Cory Dell'Olio
0422 177 247
cory.dellolio@au.knightfrank.com

*Approximately

Property History for 5/56 Kings Park Rd, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
$484,000
31 Jan 2024
Listed for Rent
$253/w
29 Mar 2023
  • 31 Jan 2024
    Sold for $484,000
  • 09 May 2023
    Listed for Sale Offers to Purchase
  • 06 Dec 2022
    Listed for Rent $13,200 / year
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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 5,776 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 76 properties listed for sale, and 36 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 357 properties were sold in the past 12 months in West perth.

Suburb Insights for West Perth 6005

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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.