Case Studies

220 Pier Street, Perth, Western Australia

PERTH DEVELOPMENT SITE

The property represents a prominent development site of 3,490m² benefiting from street frontages to Pier Street and Nash Street. The property is improved with an old warehouse with no added value.

The property was previously approved for a 29 storey hotel and residential building to Nash Street and a 16 storey development to Pier Street

Features include:

  • 3,490sqm total site area
  • Vacant Possession
  • 2,390sqm old warehouse
Sale Analysis
Sale Price:$11,000,000 + GST
Sale Date:October 2022
NLA Area:2,390sqm*
Land Area:3,490sqm*
Land Rate / sqm:$3,151/sqm
Vendor:Peakstone
Purchaser:National Storage
Sale Process:Extended sales campaign with Offers Invited

*Approximately

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