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
210 Wanneroo Road,Madeley, Western Australia
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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