13 Rheola StreetWest Perth WA 6005
Property Details for 13 Rheola St, West Perth
Last Listing description (July 2021)
CBRE is pleased to present 13-15 Rheola Street, West Perth for sale as a superbly located, stand-alone office building with secure holding income.
This prominent 2,591sqm* building sits on a 2,207sqm* regular shaped site boasting 48 metres of frontage along Rheola Street and the rear laneway. There are 55 exclusive car bays distributed as 35 underground basement bays, 17 street level bays and 3 customer bays at the front of the building.
The building has a current occupancy of 44%* allowing a value-add opportunity to potential purchasers. With some further refurbishments and a strategic leasing campaign, the future direction of the asset could result in significant improvement and income.
- 3 Star NABERS energy rating
- 3.5 Star NABERS water rating
13-15 Rheola Street is for sale via an International Expressions of Interest campaign closing Thursday 5 September 2019 at 3.00pm (AWST).
This property forms part of The Diverse Collection portfolio being sold exclusively through CBRE, please click through to our landing page to view all assets within the collection.
https://thediversecollection.com.au/
approx*
Property History for 13 Rheola St, West Perth, WA 6005
- 21 Oct 2019Sold for $9,700,000
- 14 Aug 2019Listed for Sale EXPRESSIONS OF INTEREST
- 07 Aug 2019Listed for Rent - Price not available
Recent sales nearby
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About West Perth 6005
The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2016 was 5608 people. By 2021 the population was 6102 showing a population growth of 8.8% in the area during that time. The predominant age group in West Perth is 30-39 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation.In 2021, 33.70% of the homes in West Perth were owner-occupied compared with 33.00% in 2016.
West Perth has 5,855 properties. Over the last 5 years, Houses in West Perth have seen a 56.64% increase in median value, while Units have seen a 60.89% increase. As at 31 March 2026:
- The median value for Houses in West Perth is $1,448,435 while the median value for Units is $732,330.
- Houses have a median rent of $838 while Units have a median rent of $720.
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