228 Welshpool RoadWelshpool WA 6106
Property Details for 228 Welshpool Rd, Welshpool
Last Listing description (March 2025)
MLV as exclusive agents are pleased to present to market as a leased investment, 228 Welshpool Road, Welshpool. A prime grade Office / Showroom / Warehouse / Workshop facility in Perth's most highly coveted industrial location. Featuring 2,170 sqm of GLA on 4,048 sqm of Industrial land and a strong lease covenant (national tenant), we recommend all Buyers enquire promptly as this opportunity will not last. The premises is currently under rented but with an impending Market Review due in August there is considerable rental reversion upside in the immediate short-term.
Tenancy Highlights:
6 Year Lease commencing 1/08/2022
Total Passing Rental $262,753.48 + GST & Outgoings (including special facilities rent)
Annual CPI increases with a Market Review every third Year (next due 1st August 2025)
Bank Guarantee of $80,000
Tenant Highlights
National Operator with 11 locations in Australia and 1 in Auckland
Established business which has been in operation since 1958
www.richmondau.com
Building Highlights and Attributes:
Near New build (2022 completion)
High Truss of 11.5m
Future Gantry Crane Provisions (would allow for approximately 8.5m under hook)
4 motorised roller doors for access
Air conditioned warehouse
High spec Warehouse / Showroom
Office: 152 sqm
Warehouse: 1,623 sqm
Showroom: 83 sqm
Canopy: 312 sqm
MLV are selling the premises via an Expressions of Interest campaign closing 4pm 1st March 2025 (the seller has the right to sell prior to the closing date should an offer be suitable). For further information please contact the exclusive agents Stefan Quaresimin on 0421 929 686 or David Lamb on 0411 597 952.
Property History for 228 Welshpool Rd, Welshpool, WA 6106
- 24 Jan 2025Sold for $5,100,000
- 15 Jan 2025Listed for Sale UNDER OFFER!
Recent sales nearby
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About Welshpool 6106
The size of Welshpool is approximately 8.3 square kilometres. It has 6 parks covering nearly 0.6% of total area. The population of Welshpool in 2016 was 19 people. By 2021 the population was 16 showing a population decline of 15.8% in the area during that time. The predominant age group in Welshpool is 50-59 years. Households in Welshpool are primarily single parents and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Welshpool work in a machinery operators and drivers occupation.In 2021, 50.00% of the homes in Welshpool were owner-occupied compared with 0.00% in 2016.
Welshpool has 1,597 properties. Over the last 5 years, Units in Welshpool have seen a -17.00% decrease in median value. As at 30 November 2025:
- The median value for Houses in Welshpool is $834,805 while the median value for Units is $535,541.
Suburb Insights for Welshpool 6106
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