29 Excellence DriveWangara WA 6065
Property Details for 29 Excellence Dr, Wangara
Last Listing description (February 2025)
+ Renewed 7 Year Lease plus opts to 2041+ World's largest manufacturer+ Fixed 3.25% annual increasesBurgess Rawson are pleased to offer the fully leased EHI Australia freehold investment located at 29 Excellence Drive, Wangara WA for sale via Expressions of Interest closing Thursday 27 June 2024.Investment highlights include:+ Newly renewed 7 Year lease to EHI Australia plus 2 x 5 Year options to 2041+ EHI Australia: wholly owned by Colson Group, the largest manufacturer of castor and wheel products in the world, supplier to Bunnings Warehouse+ Colson Group is a portfolio company of New York based private equity firm Blue Wolf Capital Partners with $2.9Billion USD in capital+ Investor preferred net lease terms with EHI Australia paying all outgoings including land tax and insurance+ Fixed 3.25% annual rent increases assuring growth+ Currently undergoing major capital improvement & building extension, offering depreciation benefits & securing tenant's long-term needs+ Substantial 10,016sqm* freehold site located within the tightly held Wangara Industrial precinct+ Modern 5,817sqm* warehouse/office space plus additional 825sqm enclosed unloading area+ Excellent internal height of 11m with additional mezzanine storage space+ Strategic location surrounded with major industrial and bulky goods tenants such as Bunnings, Reece Plumbing and National Storage.+ Easy access to Hartman Drive (219,500 vehicles passing weekly), Ocean Reef Road and Mitchell Freeway+ Single tenant minimum management investment+ Wangara: One of Perth's busiest industrial areas approximately 20km north of the Perth CBD+ Perth: One of Australia's tightly held and sought-after industrial markets, with a close to all-time low vacancy rate of 1.6% as at Q4 2023.+ Net Income: $680,000 pa + GSTExpressions of InterestClosing 3pm (AWST) Thursday 27 June 2024For further information please contact the agents directly*Approx.
Property History for 29 Excellence Dr, Wangara, WA 6065
- 04 Jul 2024Sold for $9,852,000
- 12 Jun 2024Listed for Sale Price on Application
- 05 Apr 2016Sold for $5,280,000
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0About Wangara 6065
The size of Wangara is approximately 5.6 square kilometres. It has 2 parks covering nearly 0.7% of total area. The population of Wangara in 2016 was 39 people. By 2021 the population was 43 showing a population growth of 10.3% in the area during that time. The predominant age group in Wangara is 60-69 years. Households in Wangara are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wangara work in a labourer occupation.In 2021, 25.00% of the homes in Wangara were owner-occupied compared with 26.70% in 2016.
Wangara has 2,741 properties. Over the last 5 years, Houses in Wangara have seen a 110.49% increase in median value, while Units have seen a 109.14% increase. As at 31 March 2026:
- The median value for Houses in Wangara is $1,126,874 while the median value for Units is $793,064.
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