BURSWOOD INVESTMENT/DEVELOPMENT
The property comprises an older but functional two level building located within the fringe CBD suburb of Burswood, approximately 3 kilometres east of the Perth Central Business District.
The sale with a partial leaseback allowed the NFP Senses Australia to fund their corporate goal of new decentralised centres closer to their clients.
• 1334sqm* total site area
• Passing rent: $325,757
• 5 year WALE
*approximately
| Sale Analysis | |
| Sale Price: | $3,800,000 |
| Sale Date: | February 2021 |
| NLA Area: | 1,483sqm* |
| Land Area: | 1,334sqm* |
| Yield: | Passing: 8.57 % |
| Price/Land sqm: | $2,848/sqm |
| Price/NLA: | $2,562/sqm |
| Vendor: | Senses Australia |
| Purchaser: | rPoint |
| Sales Process: | Sold by Expressions of Interest to a Private developer |
A landmark West Perth office building formerly occupied as the headquarters of property developer Blackburne has been brought to market, presenting investors, owner-occupiers and developers with a rare opportunity to secure a prominent freehold site on the edge of the Perth CBD. Located at 1050 Hay Street, West Perth, the two-level … Read more
Jurien Bay Shopping Centre, 220 km north of the Perth CBD, has been bought by a local private investor for $8,950,000 reflecting an initial yield of 7.04 per cent on net passing income at the time of sale. The IGA anchored neighbourhood centre includes eight specialty shops on a 5,853sqm … Read more