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 |
A significant slice of Perth’s eastern CBD is set to change hands, with the prominent development site at 228 Adelaide Terrace formally launched to the market by Andrew Woodley-Page and Brett Wilkins of RWC WA. Occupying a substantial 3,275sqm freehold landholding, the property presents a rare large-scale CBD development opportunity … Read more
Leading commercial agents Andrew Woodley-Page and Brett Wilkins of RWC WA have been appointed to market for sale the freehold interest in 256 St Georges Terrace, Perth, with price expectations understood to be in the $200 million range. Prominently positioned at the “top of the Terrace” in Perth’s tightly held … Read more