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$200,000 operating cost savings
Case Studies
11 KITCHENER AVENUE, BURSWOOD, WESTERN AUSTRALIA
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 |
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