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
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