Kardinya Park Shopping Centre, Kardinya
$200,000 operating cost savings
Case Studies
223 – 225 & 227 Murray Street Mall, Perth
Constructed over three lots in 2014, the properties comprises two – 2 level buildings that have been amalgamated over level one above a ground right of way.
• Passing net rent: $2,380,389
• Gross market income $2,877,409
• 5.72 year WALE (by income)
| Sales Analysis | |
| Sale Price: | $35,250,000 |
| Sale Date: | March 2024 |
| NLA Area: | 2,928sqm |
| Land Area: | 1741m² |
| Yield – passing: | 6.75% |
| Equivalent Market Yield: | 6.73% |
| Internal Rate of Return (IRR): | 7.12% |
| Price/sqm Land: | $20,246/sqm |
| Price/NLA: | $12,038/sqm |
| Vendor: | JJ Leach Group |
| Purchaser: | Cosgrove Group |
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