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60 Newcastle St 398 SF Office/Medical Condo Unit Offered at $301,316 in PERTH, WA 6000
Investment Highlights
- Demonstrated gross rental yields above 6% on recent leases create appealing investment fundamentals.
- Historical unit sales indicate steady capital appreciation, with recent transactions ranging from $360k to $485k.
- Strong leasing demand supported by proximity to lifestyle amenities, CBD, and Northbridge.
Executive Summary
60 Newcastle Street is situated in a high-density urban renewal area with access to transit, hospitality, and entertainment nodes. The structure provides basement or allocated car parking with ground-level activation suitable for retail or consulting (subject to strata and authority approvals). Building tenure averages 6 years among owner-occupiers, indicating a stable community profile.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | S059037 |
| Cap Rate | 5.94% |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| APN/Parcel ID | S059037 |
Description
Located on the ground floor of a mixed-use building, the property at 30/60 Newcastle Street benefits from proximity to Northbridge and Perth CBD. Nearby attractions include hospitality venues, retail, and cultural destinations. Public transport options include stations within 400 meters, with McIver Train Station approximately 359 meters away.
Sale Notes
Offered at a competitive entry-point, this street-front mixed-use property provides a secure investment opportunity in one of Perth’s most dynamic urban precincts. Occupying a ground-floor position with strong street frontage, the property delivers convenience, visibility, and long-term tenant stability, currently generating $480 per week in income under a lease commitment through February 2027. The property’s central location between Perth CBD and Northbridge offers immediate access to vibrant cafés, restaurants, retail, and entertainment options, combined with outstanding public transport connectivity via nearby bus stops and McIver Train Station. Zoned for mixed-use, this strata-titled asset provides diverse future-use potential, including office, consulting, boutique retail, or food service (subject to approvals).
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 30 | 398 SF | Office/Medical | $301,316 ($757.08/SF) | $17,906.80 |
Unit 30
| Unit Size |
| 398 SF |
| Condo Use |
| Office/Medical |
| Price |
| $301,316 ($757.08/SF) |
| NOI |
| $17,906.80 |
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Unit 30
| Unit Size | 398 SF |
| Condo Use | Office/Medical |
| Price | $301,316 ($757.08/SF) |
| NOI | $17,906.80 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| APN/Parcel ID | S059037 |
| Description | |
| Located on the ground floor of a mixed-use building, the property at 30/60 Newcastle Street benefits from proximity to Northbridge and Perth CBD. Nearby attractions include hospitality venues, retail, and cultural destinations. Public transport options include stations within 400 meters, with McIver Train Station approximately 359 meters away.</li></ul> | |
| Sale Notes | |
| Offered at a competitive entry-point, this street-front mixed-use property provides a secure investment opportunity in one of Perth’s most dynamic urban precincts. Occupying a ground-floor position with strong street frontage, the property delivers convenience, visibility, and long-term tenant stability, currently generating $480 per week in income under a lease commitment through February 2027. The property’s central location between Perth CBD and Northbridge offers immediate access to vibrant cafés, restaurants, retail, and entertainment options, combined with outstanding public transport connectivity via nearby bus stops and McIver Train Station. Zoned for mixed-use, this strata-titled asset provides diverse future-use potential, including office, consulting, boutique retail, or food service (subject to approvals).</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 36,866 SF | Floors | 1 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 12,303 SF |
| Property Subtype | Apartment | Lot Size | 0.37 AC |
| Building Class | B |
| Total Building Size | 36,866 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 12,303 SF |
| Lot Size | 0.37 AC |
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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60 Newcastle St
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