14 & 15/524 Hay Street, Perth, Western Australia
Rock Solid Investment – 8.2% Yield – Asking Price of only $2.9 million and it’s all very Legal….
Case Studies
14 BAY VIEW TERRACE, CLAREMONT, WESTERN AUSTRALIA
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 |
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