18 Morgans StreetRavensthorpe WA 6346
Property Details for 18 Morgans St, Ravensthorpe
Last Listing description (September 2020)
Long lease. This 4048m2 investment property is located immediately opposite CBH grain silos at the western approach to the Ravensthorpe townsite. The building has been well designed and is perfectly suited to purpose. Currently tenanted to agricultural business Nutrien Ag Solutions. The building presents in excellent condition and consists of approximately 1,400m2 under roof. It is solidly constructed from steel and colour bond and has a very modern appearance.- The suite of offices is approximately 315m2 in area. They are very functional, well designed and incorporate ablution facilities, kitchen/staff room, meeting room, four offices and shop/reception area. - The warehouse is approximately 920m2 in floor area. There is a lean-to of approximately 170m2 sheltering the large doorway openings to the warehouse. Plenty of roof height offers adequate clearance height for stock storage. - There is a bitumen hardstand yard with plenty of storage room and parking. The property has good security fencing. If you are looking for an exceptional commercial property investment opportunity, then this is an excellent prospect that needs serious investigation. To recap - Great building - Solid Tenant -- Long lease, showing 7% ROI.
Property History for 18 Morgans St, Ravensthorpe, WA 6346
- 23 Feb 2022Sold for $700,000
- 08 Jun 2020Listed for Sale $970,000
- 14 Sep 2015Listed for Sale $850,000
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About Ravensthorpe 6346
The size of Ravensthorpe is approximately 2540.8 square kilometres. There are 15 parks, covering nearly 5.8% of the total area. The population of Ravensthorpe in 2016 was 498 people. By 2021 the population was 580 showing a population growth of 16.5% in the area during that time. The predominant age group in Ravensthorpe is 40-49 years. Households in Ravensthorpe are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ravensthorpe work in a managers occupation.In 2021, 56.90% of the homes in Ravensthorpe were owner-occupied compared with 56.40% in 2016.
Ravensthorpe has 924 properties. Over the last 5 years, Houses in Ravensthorpe have seen a 87.68% increase in median value, while Units have seen a 174.58% increase. As at 31 July 2026:
- The median value for Houses in Ravensthorpe is $280,018 while the median value for Units is $794,029.
- Houses have a median rent of $400.
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