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 |
Jurien Bay Shopping Centre, 220 km north of the Perth CBD, has been bought by a local private investor for $8,950,000 reflecting an initial yield of 7.04 per cent on net passing income at the time of sale. The IGA anchored neighbourhood centre includes eight specialty shops on a 5,853sqm … Read more
A rare near-central development opportunity in Mandurah has been brought to market, with RWC WA launching an Expressions of Interest campaign for the vacant development site at Lot 402 Barracks Lane, Mandurah WA. Located within the Peel region, the 2,918sqm Strategic Centre–zoned landholding is one of the last remaining development … Read more