52 LORD STREET, EAST PERTH, WESTERN AUSTRALIA
52 Lord Street is substantial fringe CBD development site of 4,882sqm. The property has prominent….
Case Studies
234 Pier Street, Perth, Western Australia
SOLD FRINGE CBD DEVELOPMENT SITE
The property comprised an irregular shape future redevelopment site improved with a free standing two storey warehouse of 1,390m2* converted for office and education purposes.
The property sold fully leased with a passing income of $227,436pa net equating to a passing Yield of 4.45%.
| Sale Analysis | |
| Sale Price: | $5,100,000 GST Free GC |
| Sale Date: | January 2021 |
| NLA Area: | 1,390sqm* |
| Land Area: | 1,459sqm* |
| Land Rate / sqm: | $3,495/sqm |
| Vendor: | Private |
| Purchaser: | Wolfcrest Investments |
| Sale Process: | Private Treaty |
*Approximately