1 Wishart StreetGwelup WA 6018
Property Details for 1 Wishart St, Gwelup
Last Listing description (December 2022)
+ Secure 16-year net lease 2033 plus 4 x 10-year options to 2073, including a concurrent/sublease to Auto Masters
+ Chevron Corporation (NYSE: CVX): Major global energy company, with a market cap of $439 Billion USD and over 360 sites nationally**
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance and multiple holding Land Tax
+ Strong and certain rental growth with annual, fixed compounding 3% increases
+ Pending major tenant funded rebrand to Caltex Australia - scheduled for 2023
+ Key 1,089 sqm* corner site integrated with Primewest Gwelup Shopping Centre, with over 18 retail shops including Farmer Jacks Supermarket and 324* car spaces
+ 64 metres of dual frontage at a prominent intersection in the suburb with over 84,000 vehicles passing per week***
+ Surrounded by important social infrastructure including 14 schools within 3km servicing 6,358 full-time students***
+ Gwelup: Metro Perth growth suburb just 12km* from the CBD, with median house prices surging 28.4% in the past 12 months to $1,092,500****
+ City of Sterling: the largest LGA in Western Australia by population (223,743*), the City of Sterling supports over 80,000 jobs and generates an annual economic output of $36.684 billion*****
+ Estimated net rent: $289,819 pa* (as of 1 January 2023)
To be sold by Expressions of Interest (EOI) closing 4pm Wednesday 9 November
To be sold individually or in-one-line with 13 other freehold convenience retail investments also available
Contact Burgess Rawson sales team for more details
For Asian Investment services, please contact Zomart He on 0488 220 830 or zhe@burgessrawson.com.au
**Chevron
***GapMaps
*******
*****Remplan
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents
Property History for 1 Wishart St, Gwelup, WA 6018
- 18 May 2026Sold for $4,550,000
- 07 Oct 2022Listed for Sale Price on Request
- 26 Jul 2017Sold for $23,230,000
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About Gwelup 6018
The size of Gwelup is approximately 2.9 square kilometres. There are 11 parks, covering nearly 36.4% of the total area. The population of Gwelup in 2016 was 4539 people. By 2021 the population was 5391 showing a population growth of 18.8% in the area during that time. The predominant age group in Gwelup is 40-49 years. Households in Gwelup are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Gwelup work in a professional occupation.In 2021, 83.30% of the homes in Gwelup were owner-occupied compared with 84.50% in 2016.
Gwelup has 2,052 properties. Over the last 5 years, Houses in Gwelup have seen a 96.17% increase in median value, while Units have seen a 150.43% increase. As at 31 July 2026:
- The median value for Houses in Gwelup is $1,753,462 while the median value for Units is $1,116,712.
- Houses have a median rent of $1,100.
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