Raine and Horne Commercial are pleased to present 41 Paramount Drive, Wangara to the market for sale.Set on 4,301sqm, the property includes 1,906sqm of building, comprising office and expansive warehouse over two separate tenancies providing versatility for users.A unique opportunity to acquire with holding income and potential to occupy or further develop in future.The property has huge upside with potential for further development with previously approved additional warehouse (subject to relevant approvals).With two leases in-situ, the property is being sold going concern. Lease information available upon request.Potential for substantial rent upside based on current market rents in the immediate area.Well located just 600m to Ocean Reef Road and 2.5km to Wanneroo Road.Zoned "General Industrial" under the City of Wanneroo Local Planning SchemeApproximate tenancy areasTenancy 1 Warehouse: 375sqmOffice: 124sqmMezzanine: 126.8sqmTenancy 2 Warehouse: 1,100sqmMezzanine: 180sqmOther InformationPrevious approval for an additional 638sqm warehouse (approximately). This approval has now lapsed.Upgraded power supply Water boreThe property is being offered for sale by 'Offers to Purchase' with a guide of high $6,000,000's
The size of Wangara is approximately 5.6 square kilometres. It has 2 parks covering nearly 0.7% of total area. The population of Wangara in 2016 was 39 people. By 2021 the population was 43 showing a population growth of 10.3% in the area during that time. The predominant age group in Wangara is 60-69 years. Households in Wangara are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wangara work in a labourer occupation.In 2021, 25.00% of the homes in Wangara were owner-occupied compared with 26.70% in 2016.
Wangara has 2,744 properties. Over the last 5 years, Houses in Wangara have seen a 110.86% increase in median value, while Units have seen a 148.33% increase. As at 28 February 2026:
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