Three-level residential complex comprising of 12 individually strata titled units offering three 1-bedroom and nine 2-bedroom units with an allocated car bay each. Valid subdivision approval for 5 lots of 256sqm each of excess rear land. Proximity to major arterial routes of Carrington Street, Leach Highway and South Street.
Key attributes include:
| Sales Analysis | |
| Sale Price: | $4,020,000 |
| Sale Date: | January 2024 |
| Yield – Passing: | 3.28% |
| 1-bed units | Three |
| 2-bed units | Nine |
| Price per unit | $335,000 |
| Land area | 2,630sqm |
| Land price/sqm | $1,529/sqm |
| Vendor: | Private |
| Purchaser: | Local investors |
| Sales Process: | Expression of Interest campaign |
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
A rare near-central development opportunity in Mandurah has been brought to market, with RWC WA launching an Expressions of Interest campaign for the vacant development site at Lot 402 Barracks Lane, Mandurah WA. Located within the Peel region, the 2,918sqm Strategic Centre–zoned landholding is one of the last remaining development … Read more