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Sold on 21 Dec 2018

40 Frame Court, Leederville WA 6007

  • Development / Land
  • Land Size4,306 m²
  • PriceSold, $12,587,500

EXCEPTIONAL MIXED USE DEVELOPMENT OPPORTUNITY WITH HOLDING INCOME LOCATED IN THE HEART OF TIGHTLY HELD LEEDERVILLE

  • 4,306sqm* land parcel
  • $540,000 pa* net income
  • Leased to State Government tenant

A significant rare land parcel strategically positioned in direct proximity to the retail, cafe and entertainment precinct; major transport networks, nearby sporting arenas, educational and recreational facilities.

• 4,306sqm* land parcel located on the doostep to the Perth CBD
• 3,181sqm* of specialised offices and data room facility
• 46 car bays (13 undercover)
• 5 year lease to WA State Government tenant - mutual break clause at year 3
• $540,000 pa* net income
• Fixed 3% annual rental increases
• Potential for high density redevelopment options (STCA)
• Central strategic Leederville Town Centre position
• One of perth’s most vibrant and cosmopolitan precincts
• Immediate access to train/bus station and freeway networks

The property is being offered for sale via Expressions of Interest closing Thursday 23rd November 2017 at 2.00pm AWST.

*approx.

Property Highlights

Property ID2013932168
Date Sold21 Dec 2018
Sold Price$12,587,500
Floor Area3,181 m²
Land Area4,306 m²
EnergyAsk Agent
ParkingAsk Agent
Category
Last updated  8 Jan 2019
Map for 40 Frame Court, Leederville WA 6007
CBRE Perth
Level 25, Qv1, 250 St Georges Terrace Perth WA 6000

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