1,348SQM DEVELOPMENT SITE WITH EXISTING BUILDINGS AND GOOD HOLDING INCOME
This site is unique that it has side and rear right of ways that are not included in the Lots, so you have Hay Street access which is invaluable. If the future intention is to develop this site to access rear parking etc. These are gazetted right of ways and cannot be extinguished. This property is strategically located with surrounding Residential – Hotel – Retail Developments. This is not an investment property, it is for a land holding with a reasonable income located on Hay Street, one of the most recognised arterial roads in the Perth CBD.
• Total land area 1,348sqm*
• Frontage to Hay Street 25.59 metres
• Total building 950sqm*
• Restaurant/Café/bar/Retail
• Liquor Licence in Place
• Grease Trap and Exhaust
*approximately
| Sale Analysis | |
| Sale Price: | $4,420,000 |
| Sale Date: | November 2020 |
| Site Area: | 1,348sqm |
| Vendor: | Private Operator |
| Purchaser: | Private Developer |
| Sales Process: | Sold by Private Treaty |
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