71 Penguin RoadSafety Bay WA 6169
Property Details for 71 Penguin Rd, Safety Bay
Last Listing description (June 2023)
IntroductionThe property comprises a fully leased freehold investment. The property has 6 tenancies and enjoys close proximity to the coast servicing the residential catchment of Safety Bay.IncomeThe property is fully leased with a passing income of $81,430 pa net with a strong and diverse tenant mix.ImprovementsSingle level retail/commercial building of brick construction, compromising 6 tenancies with a total area of 282m2There is ample onsite parking for customers and staffZoningThe City of Rockingham advise that the property is zoned 'Commercial'.Land AreaFrontage 21.99 metresDepth 46.01 metresTotal Land Area 1,012sqm*
Property History for 71 Penguin Rd, Safety Bay, WA 6169
- 23 Nov 2021Listed for Sale $1,150,000 (GST Going Concern)
- 16 May 2018Listed for Sale $1,200,000
- 19 Jul 2017Listed for Sale $1,200,000
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0About Safety Bay 6169
The size of Safety Bay is approximately 4.7 square kilometres. There are 28 parks, covering nearly 18.8% of the total area. The population of Safety Bay in 2016 was 7407 people. By 2021 the population was 7662 showing a population growth of 3.4% in the area during that time. The predominant age group in Safety Bay is 60-69 years. Households in Safety Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Safety Bay work in a trades occupation.In 2021, 78.30% of the homes in Safety Bay were owner-occupied compared with 75.60% in 2016.
Safety Bay has 3,815 properties. Over the last 5 years, Houses in Safety Bay have seen a 121.92% increase in median value, while Units have seen a 159.62% increase. As at 31 July 2026:
- The median value for Houses in Safety Bay is $1,006,242 while the median value for Units is $634,967.
- Houses have a median rent of $620 while Units have a median rent of $550.
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