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
Sales Process:5 Week, EOI Campaign

4 offers received


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