11/533-535 Walter Road EMorley WA 6062
Property Details for 11/533-535 Walter Rd E, Morley
Last Listing description (June 2023)
- Fast Food Drive-Thru Investment- Established Tenant - 4+ Years WALEGrab this Investment while it's hot!193m2 fast food/restaurant investment with drive-thru currently leased to the very popular and well-established Centre Point Pizza who have been supreme-ly known to the area since 2007*The premises is prominently positioned fronting Walter Road East with around 15,000* cars passing daily and shares a large carpark with a range of different businesses including shops, restaurants, gyms and offices.Property Particulars- Lot 11, strata plan 18033, volume 1851, Folio 635- 308m2 total strata area (including drive-thru)- 193m2 of improvementsLease Particulars- Lease commenced 1st of November 2017- Lease exp 21 October 2027 (4+ years remaining) with a further 5-year option - Income $52,167.34pa + outgoings + GST- Fixed 3% annual reviews - Market reviews 1/11/2023 (rental evidence available) & 01/11/2027 For further information or to arrange an inspection please contact:Lachlan BurrowsRay White Commercial (WA)Mobile: 0499 552 296Email: Lachlan.burrows@raywhite.comTom JonesRay White Commercial (WA)Mobile: 0478 771 117Email: tom.jones@raywhite.com
Property History for 11/533-535 Walter Rd E, Morley, WA 6062
- 31 Mar 2023Sold for $840,000
- 13 Mar 2023Listed for Sale UNDER OFFER
- 03 May 2017Listed for Rent - Price not available
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About Morley 6062
The size of Morley is approximately 10.4 square kilometres. It has 46 parks covering nearly 8.8% of total area. The population of Morley in 2016 was 21530 people. By 2021 the population was 22539 showing a population growth of 4.7% in the area during that time. The predominant age group in Morley is 30-39 years. Households in Morley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morley work in a professional occupation.In 2021, 69.20% of the homes in Morley were owner-occupied compared with 68.80% in 2016.
Morley has 11,602 properties. Over the last 5 years, Houses in Morley have seen a 98.57% increase in median value, while Units have seen a 97.77% increase. As at 31 December 2025:
- The median value for Houses in Morley is $969,618 while the median value for Units is $693,792.
- Houses have a median rent of $720 while Units have a median rent of $650.
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