81 Acton AvenueRivervale WA 6103
Property Details for 81 Acton Ave, Rivervale
Last Listing description (July 2023)
Consisting of five titles of approx. 220sqm each for a total land area of 1,106sqm. The property has been used as an extremely successful, printing business for over 14 years. The current lease term expires on 30th November 2023 and the current rent is $66,791+GST plus outgoings. A further term of 3 years will commence on 1st Dec 2023 with new rent of $75,000+GST+outgoings and one further 2-year option and Annual Rent reviews of 4% or CPI (whichever higher) on 30/11/2024, 2025 & 2026. There is a re-development clause in the lease.The building is an aged brick and iron construction in good condition of 628m2 NLA. The entire property is used by the printing company and parking for approximately 15 cars is available. The property further features corner street frontage to Acton Ave and Francisco Street.Situated on five separate titles with full four street frontage (2 being ROW) the property in the future, could very simply present to the market as five green titles for residential development. Our preliminary enquiries to the City of Belmont, show that it may be feasible to be constructed up to 2-3 storey of a mixed use development residential / commercial.Expressions of interestTitle Details 81-89 Acton Avenue, Rivervale- 81 Acton Ave - 1/D21345 Volume 2882 Folio 79 size 212m2- 83 Acton Ave - 2/D21345 Volume 2882 Folio 80 size 228m2- 85 Acton Ave - 3/D21345 Volume 2882 Folio 81 size 228m2- 87 Acton Ave - 4/D21345 Volume 2882 Folio 82 size 228m2- 89 Acton Ave - 5/D21345 Volume 2882 Folio 83 size 210m2*Note attached - ROW and road widening provisions and sewer search. Local AuthorityCity of BelmontZoningZoned CommercialCity of Belmont TPS No. 15 (TP515)Interest Offered100% Freehold - all five titles to be sold with existing lease to commercial building of 628m2.Current rent payable is $66,791 pa + GST + outgoings. A further term of 3 years and new rent of $75,000 + GST + outgoings commencing on 1/12/2023 with one further 2-year option. There is a re-development clause applicable to the new term. There are annual rent reviews of 4% or CPI (whichever higher) on 30/11/2024, 2025 & 2026. Personal guarantees in place.
Property History for 81 Acton Ave, Rivervale, WA 6103
- 10 Feb 2023Listed for Sale Offers from $1.35 Million
- 15 Dec 2021Sold for $1,325,000
- 17 Nov 2021Listed for Sale EOI over $1M
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About Rivervale 6103
The size of Rivervale is approximately 3.3 square kilometres. It has 15 parks covering nearly 3.2% of total area. The population of Rivervale in 2016 was 10366 people. By 2021 the population was 10897 showing a population growth of 5.1% in the area during that time. The predominant age group in Rivervale is 30-39 years. Households in Rivervale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rivervale work in a professional occupation.In 2021, 44.70% of the homes in Rivervale were owner-occupied compared with 43.80% in 2016.
Rivervale has 6,935 properties. Over the last 5 years, Houses in Rivervale have seen a 91.37% increase in median value, while Units have seen a 98.82% increase. As at 31 March 2026:
- The median value for Houses in Rivervale is $1,122,097 while the median value for Units is $704,345.
- Houses have a median rent of $750 while Units have a median rent of $695.
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