37 Paramount Drive, Wangara, WA 6065 | Property Value & History | OnTheHouse
 
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37 Paramount Drive
Wangara WA 6065

Bedrooms: -
Bathrooms: -
Car spaces: 61
Floor area: 1692m2
Land area: 4930m2
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Property Details for 37 Paramount Dr, Wangara

Building Type
Commercial
Year Built
1996
Floor Size
1692m2
Land Size
4930m2
Local Government
Wanneroo
Lot/Plan
14/P017244

Last Listing description (December 2022)

37 Paramount Drive, Wangara is fully leased to a multi-national tenant until 4th June 2021, representing a unique investment opportunity that will not last. Located within the established industrial precinct of Wangara this well-presented facility features functional office space, clean and well maintained workshop and dual crossovers.

KEY FEATURES:

Office: 396sqm*
Workshop: 1,336sqm*
Hardstand: 500sqm*
7.3% annual return
Proximity to Hartman Drive and Ocean Reef Road
Functional office/workshop improvements
Hardstand laydown

LEASE SUMMARY
Lessee: Pentair Flow Control Pacific (Int company)
Lease Term: Expires 4th June 2021 + 5-year option
Annual Rent: $207,344.07pa + outgoings and GST
Reviews: CPI from 2018-2020 - Market in 2021

To make the most of this rare investment opportunity, please contact one of the exclusive selling agents.

*approx

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Property History for 37 Paramount Dr, Wangara, WA 6065

A timeline of how this property has performed in the market
Last Sold
$2,600,000
16 Nov 2020
  • 16 Nov 2020
    Sold for $2,600,000
  • 29 Sep 2020
    Listed for Sale Offers Invited - Closing 4pm - 6th November
  • 10 Oct 2018
    Listed for Sale $2,850,000 (GOING CONCERN)
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About 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 2,740 properties. Over the last 5 years, Houses in Wangara have seen a 83.18% increase in median value, while Units have seen a 146.97% increase. As at 30 November 2025:

  • The median value for Houses in Wangara is $967,330 while the median value for Units is $702,845.
There are currently 7 properties listed for sale, and 5 properties listed for rent in Wangara on OnTheHouse. According to Cotality's data, 108 properties were sold in the past 12 months in Wangara.

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