2/265 Walcott StreetNorth Perth WA 6006
Property Details for 2/265 Walcott St, North Perth
Last Listing description (May 2021)
The tenant has occupied this premise for over seven years, and has focused on building his business that shouldn't allow this shop to go out of fashion.With high walking traffic and a high volume of passing cars each day, this is an investment that should always be easy to lease if the shop should ever become vacant as demand for good exposure premises is always in high demand, minimizing any future vacancy issues.Situated on a busy main road in North Perth this complex has an assortment of businesses which to name a few are a pizza shop, cafe, fast food outlets, wholesale veg and beauty boutiques.Be fast to secure your interest as this is priced to sell.Note: the current rent represents a period discount with the opportunity to renegotiate in the medium term and provide substantially higher returns, Leased at $25,470 gross to the owner.Features:- 83m2- Open plan - Storeroom/kitchen/laundry- Well-positioned near Edith Cowan university Mt Lawley - Surrounded by affluent suburbs: Mt Hawthorn, Mt Lawley, Yokine and 4km to the city- Abundant free customer parking- Set and forget investment opportunity
Property History for 2/265 Walcott St, North Perth, WA 6006
- 12 Feb 2021Sold for $393,000
- 12 Feb 2019Listed for Sale $469,000 (Going Concern)
- 06 Feb 2002Sold for $90,000
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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 5,181 properties. Over the last 5 years, Houses in North Perth have seen a 84.13% increase in median value, while Units have seen a 64.71% increase. As at 31 March 2026:
- The median value for Houses in North Perth is $1,796,901 while the median value for Units is $817,209.
- Houses have a median rent of $878 while Units have a median rent of $700.
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