Kardinya Park Shopping Centre, Kardinya
$200,000 operating cost savings
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
$200,000 operating cost savings
West Perth character