Approved Port Coogee SDA project offered for sale
A boutique coastal development site within Port Coogee’s marina precinct has been listed for sale.
Case Studies
158 JAMES STREET, NORTHBRIDGE, WESTERN AUSTRALIA
NORTHBRIDGE INVESTMENT/DEVELOPMENT
A prime green titled land holding, presenting a rare opportunity to acquire both a highly sought retail asset and a high density development site, whilst receiving income through to 30 June 2022.
•Leased to Sorrento Restaurant
•Passing rent: $80,000
•1.25 year WALE
*approximately
| Sale Analysis | |
| Sale Price: | $1,850,000 |
| Sale Date: | March 2021 |
| NLA Area: | 275sqm* |
| Land Area: | 304sqm* |
| Yield: | Passing: 4.4 % |
| Price/Land sqm: | $6,085/sqm |
| Price/NLA: | $6,727/sqm |
| Vendor: | Torre Family |
| Purchaser: | Perth Private Investor |
| Sales Process: | Expression of Interest campaign with 76 enquiries and 7 offers |
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