59 Grand Boulevard,
Joondalup, WA 6027
Medical & Consulting • Offices • Development Sites & Land
Key property information
Land area
Floor area
Car spaces
Tenure type
Sold on
Raine & Horne Commercial - Western Australia
334 Cambridge StreetWEMBLEY, WA 6014
59 Grand Boulevard
Joondalup, WA 6027
Map of 59 Grand Boulevard
RARE MIX - COMMERCIAL / CONSULTING PREMISES PLUS RESIDENTIAL TOWNHOUSE
UNDER CONTRACT
Raine and Horne Commercial are pleased to present 59 Grand Blvd, Joondalup to the market for sale. An exceptionally rare opportunity to secure a commercial premises, plus residential townhouse, 50 metres from the Joondalup Health Campus (JHC) and in the heart of surrounding medical precinct.
59 Grand Blvd provided buyers with considerable short and long term options:
- Holding income from day one or the ability to secure with vacant possession
- A commercial premises with existing consulting rooms
- Significant long term redevelopment potential supported by flexible zoning
Consisting of a single level commercial / medical building with an additional two-level residential townhouse to the rear of the site, providing an approximate total building area of 446sqm. The property sits on a land holding of 1,035sqm and boasts three street frontages to Grand Blvd, Regents Park Rd and the rear ROW, thus providing not only a strategic land parcel but also an incredible redevelopment opportunity now or in future!
The property effectively backs onto the Joondalup Health Campus, which is currently undergoing a multi-million-dollar expansion, Stage 2 of the project is currently underway, with the State & Federal Governments pledging $459 million to the project.
The property is currently fully leased; however, the option exists for the commercial area to be provided with vacant possession.
Currently with a passing gross income of approximately $168,550 p.a., the property sits well as a genuine passive investment opportunity with the potential to redevelop at later a date.
• Green title land parcel
• Medical / Commercial premises + residential town house
• 3 street frontages
• Development upside
• Opportunity to occupy or continue as investment
• Adjacent to Joondalup Health Campus
• Incredible Access to Shenton Rd, Mitchell Fwy and Joondalup City Centre
UNDER CONTRACT
Raine and Horne Commercial are pleased to present 59 Grand Blvd, Joondalup to the market for sale. An exceptionally rare opportunity to secure a commercial premises, plus residential townhouse, 50 metres from the Joondalup Health Campus (JHC) and in the heart of surrounding medical precinct.
59 Grand Blvd provided buyers with considerable short and long term options:
- Holding income from day one or the ability to secure with vacant possession
- A commercial premises with existing consulting rooms
- Significant long term redevelopment potential supported by flexible zoning
Consisting of a single level commercial / medical building with an additional two-level residential townhouse to the rear of the site, providing an approximate total building area of 446sqm. The property sits on a land holding of 1,035sqm and boasts three street frontages to Grand Blvd, Regents Park Rd and the rear ROW, thus providing not only a strategic land parcel but also an incredible redevelopment opportunity now or in future!
The property effectively backs onto the Joondalup Health Campus, which is currently undergoing a multi-million-dollar expansion, Stage 2 of the project is currently underway, with the State & Federal Governments pledging $459 million to the project.
The property is currently fully leased; however, the option exists for the commercial area to be provided with vacant possession.
Currently with a passing gross income of approximately $168,550 p.a., the property sits well as a genuine passive investment opportunity with the potential to redevelop at later a date.
• Green title land parcel
• Medical / Commercial premises + residential town house
• 3 street frontages
• Development upside
• Opportunity to occupy or continue as investment
• Adjacent to Joondalup Health Campus
• Incredible Access to Shenton Rd, Mitchell Fwy and Joondalup City Centre
UNDER CONTRACT
Additional information
External websites
Joondalup, 6027 demographic data
The median household income for Joondalup is $1,688, 9% lower than Greater Perth's household income of $1,865. Joondalup has an older age profile compared to the rest of Greater Perth (median age 39 vs 37). Property ownership data shows 57% of property owners in Joondalup have a mortgage.
9,193
Population
$1,688 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
Raine & Horne Commercial - Western Australia334 Cambridge Street
WEMBLEY, WA 6014
WEMBLEY, WA 6014
More properties from Raine & Horne Commercial - Western Australia
Other properties you might be interested in based on the location and property type you are looking at.
