1A/489 Nicholson RoadCanning Vale WA 6155
Property Details for 1a/489 Nicholson Rd, Canning Vale
Last Listing description (January 2018)
Ray White Commercial (WA) presents the opportunity to own a wonderfully positioned Leased Investment of three showroom units along Nicholson Road in Canning Vale.
Lease Overview:
- Fully Leased
- Annual Rent Income: $184,260
- 4-Year* WALE
- Options up to 2027***
The property is being offered for Sale by EXPRESSION OF INTEREST
Closing Time/Date: 4PM AWST, 3 November 2017
At a total of 1,104*sqm, this property has three tenants, all local thriving businesses that have chosen to move their businesses to a location with good street exposure. These tenants are currently taking advantage of the high volume of traffic along Nicholson road with over 24,530** cars per day passing through.
Property Features:
- Three Showrooms facing Nicholson Road
- Ample Parking
- Rear Roller Door Access
- Mezzanine Area for Tenancy B and C
Area Distribution:
Tenant A - 271*sqm
Tenant B - 418*sqm
Tenant C - 415*sqm
For more information, please contact:
ENRIQUE REYES | enrique.reyes@raywhite.com | 0421 888 688
JOSH SUMNER | josh.sumner@raywhite.com | 0488 221 331
*Approximately
**Based on Mainroads(WA) Traffic Digest 2013-14
***Applicable for Tenants B and C
Property History for 1a/489 Nicholson Rd, Canning Vale, WA 6155
- 10 Nov 2017Sold for $2,450,000
- 18 Sep 2017Listed for Sale Expressions of Interest
- 16 Jul 2017Listed for Rent $552,000 / year
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About Canning Vale 6155
The size of Canning Vale is approximately 25.4 square kilometres. There are 71 parks, covering nearly 17.1% of the total area. The population of Canning Vale in 2016 was 33059 people. By 2021 the population was 34504 showing a population growth of 4.4% in the area during that time. The predominant age group in Canning Vale is 40-49 years. Households in Canning Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Canning Vale work in a professional occupation.In 2021, 79.30% of the homes in Canning Vale were owner-occupied compared with 81.00% in 2016.
Canning Vale has 13,501 properties. Over the last 5 years, Houses in Canning Vale have seen a 102.02% increase in median value, while Units have seen a 113.93% increase. As at 30 April 2026:
- The median value for Houses in Canning Vale is $1,215,384 while the median value for Units is $778,506.
- Houses have a median rent of $820 while Units have a median rent of $660.
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