2/31 Council AvenueRockingham WA 6168
Property Details for 2/31 Council Ave, Rockingham
Last Listing description (April 2020)
This Investment Property features a premium tenant, with a good stable track record. With another 5 years remaining in the Lease, this property presents great value to any investor looking to purchase a well-maintained city centre property, with a long standing tenant and great future outlook for stability.
Lease Details:
Tenant: Palmerston Association Inc.
Rent Income: $90,180 per annum
Outgoings: $26,837 per annum (payable by the tenant)
Rent Reviews: Fixed 3% per annum
Tenant Details:
Palmerston Association is a leading and respected not-for-profit provider of alcohol and other drug services. They have a rich and proud history of providing support through a range of services including counselling, groups, residential rehabilitation and educational initiatives. Their free community services are in nine locations in the metropolitan area and Great Southern region. They have two residential rehabilitation services, one in the southern suburbs of Perth and one in the South West.
Improvements:
- Extensive Fit-out (spent approx $500,000)
- New A/C system installed (Late 2017)
Expressions of Interest close Wednesday 16 October 2019 4pm (AWST).
For further information or to arrange an inspection please contact:
Enrique Reyes
Ray White Commercial (WA)
M:0421 888 688
E:enrique.reyes@raywhite.com
*approximately
Property History for 2/31 Council Ave, Rockingham, WA 6168
- 11 Nov 2019Sold for $1,220,000
- 02 Sep 2019Listed for Sale Not Disclosed
- 12 Dec 2014Listed for Sale $1,300,000 + GST
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About Rockingham 6168
The size of Rockingham is approximately 12.9 square kilometres. There are 46 parks, covering nearly 24.0% of the total area. The population of Rockingham in 2016 was 14428 people. By 2021 the population was 15312 showing a population growth of 6.1% in the area during that time. The predominant age group in Rockingham is 60-69 years. Households in Rockingham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rockingham work in a trades occupation.In 2021, 59.60% of the homes in Rockingham were owner-occupied compared with 59.90% in 2016.
Rockingham has 10,037 properties. Over the last 5 years, Houses in Rockingham have seen a 123.82% increase in median value, while Units have seen a 122.43% increase. As at 30 June 2026:
- The median value for Houses in Rockingham is $935,892 while the median value for Units is $651,547.
- Houses have a median rent of $630 while Units have a median rent of $550.
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