A PRIVATE medical investor/developer has purchased a vacant piece of land in the City of Stirling/Northern Corridor of Perth for $2,350,000 at 275-281 Wanneroo Road in Balcatta.
The asset came with a 2,812sq m* site area and was sold by Ray White Commercial (WA) Sales and Leasing Agent Tom Jones and Joint Managing Director Stephen Harrison following a successful expressions of interest campaign.
“The private medical investor/developer is looking to undertake a comprehensive medical facility development that should be completed in the next 12 months,” Mr Jones said.
“The asset appealed as it was available for special use for a medical centre and convenience store, as well as the property falling under the City of Stirling Better Suburbs Scheme and as such, offered future multilevel development options for both residential and commercial.”
“There were multiple enquiries on the property for a range of development options taking advantage of high traffic levels and exposure through Wanneroo Road,” Mr Harrison said.
“The commercial property market in the area is buoyant with high density quality residential surrounding the site and a lack of quality amenity. The brother sellers are now one step closer to retirement.”
*Approximately.
Council House will have a new tenant after level 3 was leased to McWilliam Davis Lawyers. Ray White Commercial WA director of commercial services Luke Pavlos brokered the deal, with the 753 sqm floor leased for 10 years at a rate of $375/sqm per annum. Mr Pavlos identified and secured … Read more
After working together for almost a decade, commercial real estate team Jared Doyle and Jack Gwyn have taken their business to the next level, opening RWC Gateway.