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
In another strong indicator of Subiaco’s growing investment appeal, the landmark Tighe’s Building at 131-135 Rokeby Road has changed hands for $5 million in an off-market transaction brokered exclusively by Michael Milne.
$200,000 operating cost savings