4 Olive Road, Falcon, WA 6210 | Property Value & History | OnTheHouse
 
OFF MARKET

4 Olive Road
Falcon WA 6210

Bedrooms: -
Bathrooms: -
Car spaces: 30
Floor area: 1234m2
Land area: 2945m2
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Property Details for 4 Olive Rd, Falcon

Building Type
Commercial
Floor Size
1234m2
Land Size
2945m2
Local Government
Mandurah
Lot/Plan
1001/P068711

Last Listing description (February 2018)

First Choice Liquor Falcon, offers investors a rare opportunity to secure a trophy investment with a blue-chip covenant. The property is subject to a strong 15 year net lease to the Wesfarmers owned First Choice Liquor and presents a unique opportunity to purchase a trophy asset leased to one of Australia s most successful and respected retailers.
The property is located on the highly visible and exposed corner of Old Coast Road and Olive Road, opposite the Miami Plaza Shopping Centre. The main thoroughfare of Old Coast Road has in excess of 15,680 cars passing per day (Main Roads 2016).
We highlight the following positive attributes of this outstanding investment opportunity:

- Rare freestanding retail property leased to Liquorland (Australia) Pty Ltd a subsidiary of Coles/Wesfarmers.
- Fifteen year lease with three further terms of ten year options.
- Current net rent of $571,856.17pa* plus GST
- Sustainable market rental with attractive rent review structure throughout the lease.
- Located opposite the thriving Woolworths anchored Miami Plaza Shopping Centre.
- Modern building which presents to a high standard with convenient customer parking.
- Prominent 2,945sqm* site positioned on a highly exposed corner location with excellent visibility and access from Old Coast Road.
The property is being offered for sale via an Offers to Purchase Invited Campaign. For further information on this outstanding opportunity, please contact the exclusive sales and marketing agents.

*Approx.

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Property History for 4 Olive Rd, Falcon, WA 6210

A timeline of how this property has performed in the market
Last Sold
$883,500
25 May 2018
  • 25 May 2018
    Sold for $883,500
  • 04 May 2018
    Sold for $7,650,000
  • 05 Sep 2017
    Listed for Sale Contact Agent
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About Falcon 6210

The size of Falcon is approximately 12.5 square kilometres. It has 21 parks covering nearly 7.1% of total area. The population of Falcon in 2016 was 5164 people. By 2021 the population was 5531 showing a population growth of 7.1% in the area during that time. The predominant age group in Falcon is 60-69 years. Households in Falcon are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Falcon work in a trades occupation.In 2021, 75.10% of the homes in Falcon were owner-occupied compared with 70.00% in 2016.

Falcon has 4,022 properties. Over the last 5 years, Houses in Falcon have seen a 125.43% increase in median value, while Units have seen a 170.41% increase. As at 31 March 2026:

  • The median value for Houses in Falcon is $908,716 while the median value for Units is $653,906.
  • Houses have a median rent of $560 while Units have a median rent of $293.
There are currently 21 properties listed for sale, and 8 properties listed for rent in Falcon on OnTheHouse. According to Cotality's data, 210 properties were sold in the past 12 months in Falcon.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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