Morley

Project Description

The property was developed by BBC Hardware Limited in 1999, and purchased by the Trust in July 2005. The property is located approximately 8 kilometres north east of the Perth central business district, opposite Centro Galleria, a major regional shopping centre. The site is zoned 'Morley City Centre - Central R80' which allows for a range of land uses including, office, showrooms, retail shop, grouped/multiple dwellings, aged persons dwelling, serviced apartments and child-care. The property has 87 metres frontage to Russell Street, and is readily accessible from Russell Street and Boag Place. The property has 202 car bays. Bunnings vacated the property in mid-2020 and we are currently reviewing redevelopment options.

Land area

18,439 m²

The total GLA/retail area

9,852 m²

Lease Commencement Date

4/7/2005

Total Property Cost

$12,397,607

Current valuation

$16,900,000

Annual Rent

$1,479,552

Project Location

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