***SOLD BY ANNA VALENTINE*** Positioned within one of Perth's most tightly held industrial precincts, 18 Rio Street Bayswater presents a rare opportunity to secure a substantial General Industry landholding with flexible upside.The property comprises approximately 680sqm of older-style improvements situated on a generous 1,411sqm well-shaped parcel, offering excellent street frontage and practical site configuration. The existing improvements are aged and offered in original condition, providing scope for refurbishment, repurposing or future redevelopment (STCA).Key features include:Land area: 1,411sqmBuilding area: Approx. 680sqmZoning: General IndustryStrong street frontageSub-metered power allowing for multiple tenanciesExcellent access to Tonkin Highway and major arterial routesLocated within the established Bayswater industrial precinctThe zoning and configuration lend themselves to a range of industrial uses, multi-tenancy income strategies or longer-term redevelopment potential, subject to relevant approvals.Offered For Sale on an "As Is, Where Is" basis.Method of Sale ***SOLD*** Submissions of Offers - closing 06 March 2026, unless sold prior.For further information or to arrange an inspection, please contact the exclusive selling agents.
The size of Bayswater is approximately 9.8 square kilometres. There are 40 parks, covering nearly 15.1% of the total area. The population of Bayswater in 2016 was 14432 people. By 2021 the population was 15288 showing a population growth of 5.9% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation.In 2021, 69.50% of the homes in Bayswater were owner-occupied compared with 67.70% in 2016.
Bayswater has 8,844 properties. Over the last 5 years, Houses in Bayswater have seen a 92.08% increase in median value, while Units have seen a 130.89% increase. As at 31 May 2026:
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