Sold
40 Stewart Road, Narrogin WA 6312
Sold price: $132,000
Sold: 28 Apr 2022
Sold
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1 Bedroom
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1 Bathroom
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Landsize 3,034m2
House
View
INVESTORS TAKE A LOOK - OFFERING OVER 10% RETURN!!!
This property is listed to SELL!!! Set on over 3034sqm of land in the industrial estate of Narrogin sits this prime site that already has a tenant so would fit the astute investor or the business owner who can see the potential down the track. Currently being used as a depot for a food company that has a lease in place until March 2024 at a rental income of $14736 plus GST and outgoings. There is also an option for a further 2 year term till March 2026. As you can see, you will generate a positive return on this property at the price it is listed at. Very good investment that would suit a self funded retiree also. Large cool room is included in the price and there is ample storage and toilet facilities in place. The property is fully fenced for added security. If you are looking for a passive income then make sure you contact Tracey Brandner to obtain further information on this great investment property.
Property features
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Toilets
1
Property snapshot by reiwa.com
This property at 40 Stewart Road, Narrogin is a one bedroom, one bathroom house sold by Tracey Brandner at Elders Real Estate on 28 Apr 2022.
Looking to buy a similar property in the area? View other one bedroom properties for sale in Narrogin or see other recently sold properties in Narrogin.
Nearby schools
Narrogin overview
The townsite of Narrogin is located in the great southern agricultural region, 192 km south east of Perth and 32 km east north east of Williams. It is located on the Great Southern Railway, and when this line was opened in 1889, Narrogin was one of the original stopping places. The railway line was a private line, and the Company that built the line declared a private townsite here in 1891. The railway was purchased by the Government in 1896, and in 1897 Narrogin was gazetted as a government townsite.
Narrogin is an Aboriginal name, having been first recorded as "Narroging" for a pool in this area in 1869. The meaning of the name is uncertain, various sources recording it as "bat camp", "plenty of everything" or derived from "gnargagin" which means "place of water".
Narrogin quick stats
High end
$320k
Median
$230k
Low end
$170k
This listing
2.2 %
Annual growth
$230k
Annual median sales price
$375pw
Annual median rental price
