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
272 HAY STREET, EAST PERTH, WESTERN AUSTRALIA
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 |
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