RELIABLE RESIDENTIAL CASHFLOW
Two-level residential complex comprising of 36 strata units offering 32 one bedrooms and 4 two bedrooms and one bathroom, each unit with an allocated car bay. Future development potential on this offering is considerable owing the Mixed Use R50 zoning and substantial 4,053m2 site area
| Sale Analysis | |
| Sale Price: | $6,450,000 |
| Sale Date: | August 2022 |
| Land Area: | 4,053sqm* |
| Est. 22/23 FY Net Income: | $310,622 |
| Price per Unit | $179,000 |
| Land Rate / sqm: | $1,591/sqm |
| Vendor: | Kenworthy Real Estate |
| Purchaser: | Private |
| Sales Process: | Expressions of Interest Campaign |
*Approximately
A significant slice of Perth’s eastern CBD is set to change hands, with the prominent development site at 228 Adelaide Terrace formally launched to the market by Andrew Woodley-Page and Brett Wilkins of RWC WA. Occupying a substantial 3,275sqm freehold landholding, the property presents a rare large-scale CBD development opportunity … Read more
Leading commercial agents Andrew Woodley-Page and Brett Wilkins of RWC WA have been appointed to market for sale the freehold interest in 256 St Georges Terrace, Perth, with price expectations understood to be in the $200 million range. Prominently positioned at the “top of the Terrace” in Perth’s tightly held … Read more