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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