SOLD
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Sold on 23 Sep 2024 - Price Unavailable

567 Newcastle Street
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: 33
Floor area: 2216m2
Land area: 2479m2
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Property Details for 567 Newcastle St, West Perth

Building Type
Commercial
Floor Size
2216m2
Land Size
2479m2
Local Government
Vincent
Lot/Plan
7/D034714

Last Listing description (September 2024)

RWC WA as exclusive selling agents on behalf of EY (Receivers and Managers appointed) are delighted to offer to the market 567 Newcastle Street, West Perth for sale by Expressions of Interest (EOI) invited to be submitted by Wednesday 8 May 2024 at 2pm (AWST).

567 Newcastle Street is strategically and conveniently situated on the southern side of Newcastle Street with access and frontage to Newcastle Street and Tandy Street.

• 150m* to Loftus Street/Newcastle Street intersection

• 650m* to the Leederville Oxford Street entertainment and dining precinct
• 200m* to freeway network access
• 600m* to Leederville train station
• 2km* to Perth CBD

567 Newcastle Street offers an incoming investor a broad range of opportunities. The property is approximately 57% leased with good holding income. With leasing enquiry trending upwards there's upside in a targeted leasing push or occupancy opportunity for intending owner occupiers. There's a diverse range of potential for development of 7-14 storeys (STCA), with entertainment, residential, retail, commercial all possible under the current zoning.

Key attributes include:
• Two level office/warehouse
• NLA 2,216sqm* plus 33 secure carbays
• Corner site of 2,479sqm* with three street frontages
• Excellent connectivity to freeways via Charles Street and Loftus Street
• 57% occupied, potential owner occupation, good holding income
• Land zoned Commercial - build 7-14 storeys (STCA)

For further information or to book an inspection of the property please contact the exclusive selling agents below:

Brett Wilkins
RWC WA
M: 0478 611 168
E: brett.wilkins@raywhite.com

Andrew Woodley-Page
RWC WA
M: 0438 939 869
E: andrew.woodley-page@raywhite.com

*Approximate

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Property History for 567 Newcastle St, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
23 Sep 2024
Listed for Rent
$383/w
16 Jun 2023
  • 23 Sep 2024
    Sold
  • 08 Apr 2024
    Listed for Sale UNDER OFFER
  • 15 Mar 2023
    Listed for Sale $4,600,000 Going Concern
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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 71 properties listed for sale, and 32 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 365 properties were sold in the past 12 months in West perth.

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