Set on a 1354sqm block zoned light industrial, this 446sqm property has two separate tenancies in place plus one vacant building ready to lease. This property is exceptionally located in Willetton's busy commercial precinct surrounded by a variety of well-established long-term businesses including car repairs, kitchen renovations, gyms, transport companies, construction, electrical and gas companies, pet grooming services and more The property comprises the following areas:Building 1: 192sqm net lettable area leased for $13,200 per annum including outgoings to an electrical contractor since 2018 until 2021 with an option to renew for 1 year.Building 2: 194sqm net lettable area leased for $31,026 per annum including outgoings to an insulation contractor since 2016.Building 3: 60sqm net lettable area, vacantLand: 1354sqm Easily accessible from Leach Highway, only 5 minutes way from Roe Highway and 20 minutes from Perth CBD this prime location would suit an array of businesses looking to secure a new premise for long term investment. Legal description:Lot 801, Plan 404082 Certificate of Title Volume 2852 Folio 498 Other features:- Title Freehold - Large work shed- Ample parking Goods and Services Tax The Sellers are registered for GST and the property will be sold as a going concern if property is sold with vacant possession.
The size of Willetton is approximately 8.7 square kilometres. It has 34 parks covering nearly 10.9% of total area. The population of Willetton in 2011 was 17,391 people. By 2016 the population was 18,171 showing a population growth of 4.5% in the area during that time. The predominant age group in Willetton is 10-19 years. Households in Willetton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Willetton work in a professional occupation. In 2011, 80.4% of the homes in Willetton were owner-occupied compared with 78.5% in 2016.
Willetton has 7,948 properties. Over the last 5 years, Houses in Willetton have seen a 85.14% increase in median value, while Units have seen a 68.07% increase. As at 31 October 2024:
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