59 Kinross DriveKinross WA 6028
Property Details for 59 Kinross Dr, Kinross
Last Listing description (October 2024)
For Sale by Offers Invited
NAI Harcourts Metro as exclusive selling agent has the pleasure in offering for sale a rare opportunity to buy two well located and well leased properties being sold "as one". The Kinross Shopping Centre a neighborhood shopping Centre and the adjoining medical / mix use Edinburgh Medical Centre.
Offers a great mix of retail, medical and mix use tenancies with the bonus of possible redevelopment potential. This property suits the passive investor and or developer.
Edinburgh Medical - 23 Edinburgh Avenue Kinross
Kinross Shopping Centre - 59 Kinross Drive Kinross
Please review the video for a better feel of the property - https://www.dropbox.com/scl/fi/k1auzmr3dcbmtbt6ng2k2/59-Kinross-Dr-Kinross.mp4?rlkey=1oyw3zz4x9lusrj7zsa4gnogt&dl=0
Combining the best of investment opportunities being highly sort after neighborhood shopping Centre and the traditional medical practice, pharmacy and other allied health tenancies are featured comprising the following:
Two titles
Mixed Medical / Allied Health / Retail
100% Leased
Attractive WALE
Suits Owner Occupiers / Investors / Developers
Improvements 1189 sqm GLA (Approx.)
Two Lots combined 4,693 sqm (Approx.)
Combined Income $367,006.99 (excluding out goings and GST)
For further details, Information Memorandum please do not hesitate to contact Paul Sherlock 0413 869 900.
Property History for 59 Kinross Dr, Kinross, WA 6028
- 10 Apr 2024Sold for $5,850,000
- 08 Mar 2024Listed for Sale Offers Invited
- 27 Feb 2018Listed for Rent $20,000 / year
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About Kinross 6028
The size of Kinross is approximately 2.8 square kilometres. There are 11 parks, covering nearly 10.3% of the total area. The population of Kinross in 2016 was 6890 people. By 2021 the population was 6988 showing a population growth of 1.4% in the area during that time. The predominant age group in Kinross is 50-59 years. Households in Kinross are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kinross work in a professional occupation.In 2021, 81.80% of the homes in Kinross were owner-occupied compared with 78.80% in 2016.
Kinross has 2,654 properties. Over the last 5 years, Houses in Kinross have seen a 106.01% increase in median value, while Units have seen a 129.23% increase. As at 31 May 2026:
- The median value for Houses in Kinross is $1,174,739 while the median value for Units is $906,554.
- Houses have a median rent of $800 while Units have a median rent of $335.
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