23 Montgomery WayMalaga WA 6090
Property Details for 23 Montgomery Way, Malaga
Last Listing description (January 2025)
We are inviting expressions of interest for an exceptional investment opportunity at 23 Montgomery Way, Malaga. This prime warehouse facility is leased to the well-established Steelmakers Pty Ltd, offering a solid annual return of $360,000 per annum plus outgoings, with excellent potential for future growth.Key Property Details:- Tenant: Steelmakers Pty Ltd (reliable steel industry leader)- Annual Rental Income: $360,000 + outgoings- Land Area: 7,932 sqm- Warehouse Area: 3,054 sqm (approx.)- Lease Term: 3-year lease with two 3-year options- Lease Start Date: 1st January 2024- Rent Reviews: CPI adjustments throughout, Market at optionsAdditional Highlights:- Prime Industrial Location: The property is situated just 15 km from Perth CBD and 17 km from Perth Airport, offering strategic access to major transport routes.- Excellent Transport Links: Close proximity to major highways including Reid Highway, Tonkin Highway, and Perth's major freight network, enhancing its logistics potential.- Significant Infrastructure Investment in the Area: Malaga is experiencing continued growth, with recent and planned infrastructure upgrades further boosting the area's appeal for industrial tenants.- Location & Market Overview: Situated in the thriving industrial hub of Malaga, this property benefits from strong demand for warehousing and logistics spaces. With excellent accessibility and a growing business environment, Malaga continues to be a sought-after location for industrial investments.Investment Highlights:- Stable Income Stream: Steelmakers Pty Ltd, a reliable tenant with a long-standing reputation.- High Yield Potential: Offering a robust annual rental income of $360,000 plus outgoings.- Strategic Growth Prospects: Positioned in a rapidly growing industrial precinct, ensuring long-term capital appreciation and rental growth.This is an outstanding opportunity to secure a high-quality asset in a sought-after location with strong tenant stability and attractive returns.For further details or to express your interest, please contact us today.Daniel Saad - 0449 818 187 or daniel@propropertygroup.com.auChristopher Tana - 0437 158 255 or Christopher@propropertygroup.com.au
Property History for 23 Montgomery Way, Malaga, WA 6090
- 11 Oct 2024Listed for Sale Expression Of Interest
- 20 Jun 2002Sold for $1,001,000
- 05 Apr 2002Sold for $1,260,000
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0About Malaga 6090
The size of Malaga is approximately 6.6 square kilometres. It has 7 parks covering nearly 8.1% of total area. The population of Malaga in 2016 was 6 people. By 2021 the population was 25 showing a population growth of 316.7% in the area during that time. The predominant age group in Malaga is 40-49 years. Households in Malaga are primarily single parents and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Malaga work in a machinery operators and drivers occupation.In 2021, 0.00% of the homes in Malaga were owner-occupied compared with 0.00% in 2016.
Malaga has 2,985 properties. Over the last 5 years, Houses in Malaga have seen a 109.71% increase in median value, while Units have seen a 78.32% increase. As at 31 December 2025:
- The median value for Houses in Malaga is $622,964 while the median value for Units is $457,074.
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