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
Vendor:JJ Leach Group
Purchaser:Cosgrove Group
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