Situated in the premier southern district of Canning Vale on the corner of Magnet Road and Madison Street, this fully leased property offers an outstanding opportunity for astute property investors.Positioned within a food production and processing precinct, close to Market City - Perth's main fresh produce and wholesale market - this property is leased to two tenants on secure 10-year leases with a net income of $310,000 per annum net and 3% fixed annual rental growth.Other features include:- Land area: 5,700 sqm- Total building area: 2,459 sqm- 10 year WALE commencing 1st July 2021- Major CAPEX refurbishment upgraders recently completed- Suitable opportunity for investors, syndicators and SMSFTo obtain a copy of the IM or to arrange an inspection please contact the exclusive selling agent, Wayne Chorley.
The size of Canning Vale is approximately 25.4 square kilometres. It has 71 parks covering nearly 17.1% of 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 99.09% increase in median value, while Units have seen a 114.03% increase. As at 28 February 2026:
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