Ray White is excited to present Unit 16 Wells Street, Derby for sale - A substantial 4,526 sqm allotment improved with 3 versatile buildings, positioned in a high exposure location. This is a good opportunity to secure a well configured mixed use property offering flexibility for both owner occupiers and investors. PROPERTY HIGHLIGHTS:Site Area: 4,526 sqm.Lettable area: (486 sqm). Zoning: Light IndustryFront Building:Workshed (164 sqm) with office component.3 air-conditioned offices/rooms, kitchenette and bathroom.Internal fencing.Rear Building:Workshed/Office (182 sqm) with an in-built air-conditioned office, 3 roller doorsToilet/laundry and mezzanine storage.Caretaker Residence:3 bedroom x 2 bathroom configuration (140 sqm)Includes 2 x kitchens. Potential to lease as one dwelling or as two self-contained units. Internal fencing and concrete outdoor areas.Excellent on-site access for vehicles, machinery and equipment. Good exposure to Derby Highway.2 x double entry gates.Vacant Possession will be available upon settlement. These building areas are approximate only. If you have any further questions or would like a viewing, please call/email Nick Johnston on 0417 714 976, or nick.johnston@raywhite.comContact Agent for Outgoings.
The size of Derby is approximately 162.4 square kilometres. There are 5 parks, covering nearly 0.4% of the total area. The population of Derby in 2016 was 3511 people. By 2021 the population was 3222 showing a population decline of 8.2% in the area during that time. The predominant age group in Derby is 20-29 years. Households in Derby are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Derby work in a community and personal service occupation.In 2021, 31.10% of the homes in Derby were owner-occupied compared with 27.10% in 2016.
Derby has 1,830 properties. Over the last 5 years, Houses in Derby have seen a 71.81% increase in median value, while Units have seen a 133.36% increase. As at 31 July 2026:
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