108 Stirling Street
This single level commercial building at 108 Stirling Street, Perth was purchased by Stirling Capital in 2012 at an initial yield of 8.2%. It offered strong development potential in a high quality location. The existing 5 year lease (with a 5 year option) was held by the Commissioner for Main Roads with a total land area of 2,266sqm.
Development approval was secured for 168 apartments. The property was sold early 2015 with the investment providing strong returns above those forecast to investors.
Acquired 2012, Sold 2015
108 Stirling Street, Perth
- 1,500sqm of office space
- 16 car parking bays
- 168 apartment development approval