Case Studies

210 Wanneroo Road,Madeley, Western Australia

3 years ago

MEDICAL CENTRE

A health centre comprising seven medical and health practices located on a highly exposed lot on Wanneroo Road.

• 1479sqm* NLA
• 4289sqm* total site area
• Passing rent: $618,703
• 3.67 year WALE

*approximately

Sale Analysis
Sale Price:	$9,743,358
Sale Date:	July 2021
NLA Area:	1479sqm*
Land Area:	4289sqm*
Yield – Passing:	6.35%
Price / NLA:	$6587/sqm
Vendor:	Core Capital
Purchaser:	Australian Fund
Sales Process:	Protracted sales campaign launched during 2020 COVID lockdown. Relaunched early 2021 with over 45 enquiries, 14 inspections and 8 offers.

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