Approved Port Coogee SDA project offered for sale
A boutique coastal development site within Port Coogee’s marina precinct has been listed for sale.
BAY VIEW TERRACE
The property comprises of a single storey character retail shop with future redevelopment potential. The property is located in the prestigious suburb of Claremont, with frontage directly opposite Claremont Quarter and surrounded by high end retailers, cafes, restaurants, and other popular amenities. Bay View Terrace is one of Perth’s most highly sought after retail strips
•Vacant Shop
•Market rent: $110,000
*approximately
| Sale Analysis | |
| Sale Price: | $2,687,500 |
| Sale Date: | March 2021 |
| Site Area: | 202sqm* |
| NLA: | 131sqm* |
| Yield: | Equated: 4.09% |
| Vendor: | Private Investor |
| Purchaser: | Private Investor |
| Sales Process: | Auction campaign – 3 bidders. Sold private treaty afterwards |
A boutique coastal development site within Port Coogee’s marina precinct has been listed for sale.
In another strong indicator of Subiaco’s growing investment appeal, the landmark Tighe’s Building at 131-135 Rokeby Road has changed hands for $5 million in an off-market transaction brokered exclusively by Michael Milne.