Approved Port Coogee SDA project offered for sale
A boutique coastal development site within Port Coogee’s marina precinct has been listed for sale.
Case Studies
52 Lord Street, East Perth, Western Australia
52 Lord Street is substantial fringe CBD development site of 4,882sqm. The property has prominent exposure with 4 street frontages and is strategically located in proximity to CBD, Royal Perth Hospital, major highways, and public transport network.
The site sold improved with the sitting tenant mycar Tyre & Auto paying $175,152pa and the vacant building of 2,208sqm* having potential to be leased for circa $350,000pa.
The site was purchased by a large local development group with a precommitment to lease to SASH Hospital, a national veterinarian hospital group for 20 Years.
| Sales Analysis | |
| Sale Price: | $11,550,000 as Going Concern |
| Sale Date: | 25 Nov 2022 |
| Gross Lettable: | 2,526sqm* |
| Site Area: | 4,882sqm* |
| Site $/sqm: | $2,356/sqm |
| Vendor: | Pindan Group |
| Purchaser: | Hesperia |
| Sales Process: | 5 week EOI campaign, 4 offers received |
*Approximately
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