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 |
A significant slice of Perth’s eastern CBD is set to change hands, with the prominent development site at 228 Adelaide Terrace formally launched to the market by Andrew Woodley-Page and Brett Wilkins of RWC WA. Occupying a substantial 3,275sqm freehold landholding, the property presents a rare large-scale CBD development opportunity … Read more
Leading commercial agents Andrew Woodley-Page and Brett Wilkins of RWC WA have been appointed to market for sale the freehold interest in 256 St Georges Terrace, Perth, with price expectations understood to be in the $200 million range. Prominently positioned at the “top of the Terrace” in Perth’s tightly held … Read more