1/391 Fitzgerald StreetNorth Perth WA 6006
Property Details for 1/391 Fitzgerald St, North Perth
Last Listing description (January 2024)
Ron Farris Real Estate as exclusive agents are pleased to present to the market for sale shop 1, 391 Fitzgerald Street, North Perth.PROPERTY HIGHLIGHTS- Strata area of 169 m2* located on the exterior perimeter of the North Perth Plaza shopping centre facing Fitzgerald Street.- Part of a thriving retail complex comprising 21 strata lots with a Coles supermarket as anchor Tenant. - Located in a bustling part of Fitzgerald Street and opposite Chemist Warehouse.- Passing income $61,800 pa plus GST plus outgoings (as per lease) plus GST (Landlord pays property management fee which is unaccounted for in passing income).- Lease in place to Baker Cycles Pty Ltd. 5-year lease commenced on the 1st May 2022 and ending on the 30th April 2027. Plus, a 5-year option commencing on the 1st May 2027 and ending on the 30th April 2032.- Next rental review due on the 1st May 2024 to an increase of 3%.- Complex comprises specialty businesses servicing the surrounding neighbourhood community including a Coles supermarket, Liquorland retail outlet, newsagent, pharmacy, bakery, barbershop, nail salon and others.- Tenancy benefits from direct exposure to Fitzgerald Street and is further supported by enviable foot traffic exposure via traffic light crossing in front of shop.- Zoned District Centre under the City of Vincent Local Planning Scheme No. 2.- The Parent Site of 10,078 m2* represents an exceptional inner-city location circa 2km's from the Perth CBD. With the right stewardship, the Parent Site presents an opportunity for redevelopment subject to required approvals.This property will suit the investor looking to add a quality asset with desirable lease covenant to their property portfolio.For further information, please contact the exclusive listing agent via the details below* Approximate Area Only.
Property History for 1/391 Fitzgerald St, North Perth, WA 6006
- 04 Dec 2023Sold for $1,200,000
- 03 Nov 2023Listed for Sale UNDER OFFER
- 05 Jul 2021Listed for Rent - Price not available
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About North Perth 6006
The size of North Perth is approximately 3.0 square kilometres. It has 13 parks covering nearly 9.8% of total area. The population of North Perth in 2016 was 8744 people. By 2021 the population was 9623 showing a population growth of 10.0% in the area during that time. The predominant age group in North Perth is 30-39 years. Households in North Perth are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in North Perth work in a professional occupation.In 2021, 64.60% of the homes in North Perth were owner-occupied compared with 65.40% in 2016.
North Perth has 5,174 properties. Over the last 5 years, Houses in North Perth have seen a 87.27% increase in median value, while Units have seen a 66.77% increase. As at 31 December 2025:
- The median value for Houses in North Perth is $1,713,941 while the median value for Units is $756,760.
- Houses have a median rent of $880 while Units have a median rent of $680.
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