87-89 Hannan Street, Kalgoorlie, WA 6430 sold on 06 June 2025 | OnTheHouse
 
SOLD
Sold on 06 Jun 2025 for $495,000

87-89 Hannan Street
Kalgoorlie WA 6430

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 208m2
Land area: 799m2
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Property Details for 87-89 Hannan St, Kalgoorlie

Building Type
Commercial
Floor Size
208m2
Land Size
799m2
Local Government
Kalgoorlie-Boulder
Lot/Plan
330/P300923

Last Listing description (September 2025)

Positioned in the heart of Kalgoorlie's major commercial precinct, this property presents a rare and exceptional investment opportunity. This fully-tenanted commercial property offers strong cash flow, reliable tenants, and minimal upkeep - making it an ideal asset for savvy investors seeking secure, long-term returns.Key Investment Highlights:Diverse Tenant Mix - 4 Tenancies Across Retail, Services & OfficeTotal Net Income: $51,801.32 + GST p.a.Outgoings: $20,740.20 + GST p.a. (Mostly recoverable via tenants)Estimated Land Area: 800 sqm | Building Area: 590 sqmSecure Staff Parking to RearExceptional ROI: Approx. 10% at Asking PriceLow Maintenance, Easy-to-Manage InvestmentHigh foot & vehicle traffic, excellent exposure, easy access for customers.Tenancy summary:1. Pink Sugar Crafts- Rent: $7,636.32 + GST p.a.- Term: Rolling (Commenced 01/12/2021)- Rent Reviews: Market- Outgoings: Nil - INC in rent.2. Kyara Nominees- Rent: $25,104.00 + GST + Outgoings p.a.- Term: 3-Year Lease (Expires 20/08/2026)- Rent Reviews: CPI (Next on 21/08/2025)- Outgoings: $944.02 + GST per month3. GK Hair & Co- Rent: $17,061.00 + GST + Outgoings p.a.- Term: Holding Over (Commenced 01/06/2023)- Rent Reviews: CPI- Outgoings: $361.40 + GST per month4. First National Real Estate (Storage Use Only)- Rent: $2,000.00 + GST p.a.- Term: Rolling (Commenced 01/07/1999)- Outgoings: Nil

Property History for 87-89 Hannan St, Kalgoorlie, WA 6430

A timeline of how this property has performed in the market
Last Sold
$495,000
06 Jun 2025
Listed for Rent
$27/w
04 Sep 2019
  • 06 Jun 2025
    Sold for $495,000
  • 26 May 2025
    Listed for Sale $520,000
  • 03 Sep 2019
    Listed for Rent $13,800 / year
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About Kalgoorlie 6430

The size of Kalgoorlie is approximately 3.9 square kilometres. It has 9 parks covering nearly 18.0% of total area. The population of Kalgoorlie in 2016 was 3901 people. By 2021 the population was 3711 showing a population decline of 4.9% in the area during that time. The predominant age group in Kalgoorlie is 20-29 years. Households in Kalgoorlie are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kalgoorlie work in a trades occupation.In 2021, 49.60% of the homes in Kalgoorlie were owner-occupied compared with 49.60% in 2016.

Kalgoorlie has 2,701 properties. Over the last 5 years, Houses in Kalgoorlie have seen a 61.57% increase in median value, while Units have seen a 81.54% increase. As at 30 November 2025:

  • The median value for Houses in Kalgoorlie is $403,268 while the median value for Units is $293,305.
  • Houses have a median rent of $675 while Units have a median rent of $550.
There are currently 21 properties listed for sale, and 34 properties listed for rent in Kalgoorlie on OnTheHouse. According to Cotality's data, 149 properties were sold in the past 12 months in Kalgoorlie.

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First National Real Estate Kalgoorlie
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