16B Plaza StreetSouth Bunbury WA 6230
Property Details for 16b Plaza St, South Bunbury
16b Plaza St, South Bunbury is a 3 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 200m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 3 bedroom Unit sold in South Bunbury in the last 12 months.
Last Listing description (January 2026)
An exceptional opportunity to acquire a tightly held mixed-use freehold property in one of South Bunbury’s most active suburban commercial zones. 16B Plaza Street presents the ideal setup for an astute investor or business owner looking to maximise returns or reduce overheads by living and working on-site.
This two-level property offers a versatile street-front commercial tenancy on the ground floor, with a separately accessed, high-yield 2-bedroom/2 bathroom residential unit above. With strong leasing demand in the area across both sectors, this asset offers immediate income potential and long-term flexibility.
Commercial Front – Street-Facing and Flexible
The ground floor comprises a versatile commercial tenancy with direct street frontage, ideal for a boutique retail outlet, consulting rooms, studio, or office use. The layout lends itself to a wide range of small business types, benefiting from Plaza Street's steady traffic flow and proximity to key local amenities.
Double entrance glass doors provides easy access and with updated LED panel lighting throughout the entire area is bright and welcoming. The 100sqm commercial portion is currently sectioned into 3 with a large reception / office area, similarly sized centre area and a rear section staffroom / kitchen and adjacent bathroom & toilet. But if the current layout does not suit, then simply removed the stud walls to create a blank canvas ready for your specific needs.
High-Yield Residential Upstairs
Upstairs, a spacious and modern 2-bedroom / 2 bathroom residential apartment offers a separate entrance, providing strong rental returns or the perfect live-in option for business owners. The unit is well-appointed with a full kitchen & modern appliances, ensuite bathroom + main bathroom, and open-plan living, ensuring comfort and privacy.
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Key Investment Highlights:
• Dual-income opportunity – one title, two tenancies
• Ground floor commercial: Approx. 100sqm of lettable space with street exposure
• First floor residential: 3-bedroom/2 bathroom, modern apartment with separate access
• Potential combined yield: ROI is 6.25% approx.
• Low vacancy location – high demand from both residential tenants and local businesses
• Mixed Use zoning – allowing a range of uses including retail, office, medical, and more
• Owner-occupier potential – run your business downstairs and live upstairs
• Well-maintained building with low ongoing costs
• Established location surrounded by cafés, retail, health services, and schools
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Why South Bunbury?
South Bunbury is a fast-growing, high-traffic suburb with strong local business support and an established residential catchment. It’s a proven performer for commercial operators and residential investors alike, offering convenience, lifestyle, and connectivity just minutes from the Bunbury CBD.
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Perfect for:
• Small business operators looking to owner-occupy
• Investors seeking diversified income from one asset
• Buyers wanting flexibility with future occupancy or leasing options
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Whether you're looking to invest with strong rental returns or secure the ultimate work-life balance, 16B Plaza Street is a standout opportunity.
Land Rates: $5,363.08 approx.
Water Rates: $2,530.08 approx.
Sewerage Connected
Build Year: 2014
Block Size: 200m2
Commercial Office Space Size 100m2
CURRENT RENTAL MARKET APPRAISAL:
Upstairs Residential Unit - $550.00 per week
Downstairs Commercial - $25,000 per annum
Property History for 16b Plaza St, South Bunbury, WA 6230
- 13 Jan 2026Sold for $728,000
- 02 Jul 2025Listed for Sale Offers Invited 700's
- 05 Jan 2019Listed for Rent $300 / week
Recent sales nearby
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0About South Bunbury 6230
The size of South Bunbury is approximately 6.5 square kilometres. There are 15 parks, covering nearly 20.7% of the total area. The population of South Bunbury in 2016 was 8419 people. By 2021 the population was 8810 showing a population growth of 4.6% in the area during that time. The predominant age group in South Bunbury is 60-69 years. Households in South Bunbury are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Bunbury work in a professional occupation.In 2021, 66.10% of the homes in South Bunbury were owner-occupied compared with 63.90% in 2016.
South Bunbury has 4,973 properties. Over the last 5 years, Houses in South Bunbury have seen a 88.90% increase in median value, while Units have seen a 89.10% increase. As at 31 August 2026:
- The median value for Houses in South Bunbury is $814,190 while the median value for Units is $562,420.
- Houses have a median rent of $650 while Units have a median rent of $610.
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