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The properties recently sold in an off-market deal worth $8.4 million. Photo: Attila Csaszar

City retail strip to become student accommodation

The new owner of 335 Wellington Street, home to the Wellington Surplus Stores for 75 years, has lodged an application with the City of Perth to build a $70 million student accommodation building.

Lease Equity announced the sale of 317-335 Wellington Street and the adjacent 105-107 Pier Street site last week in an off-market deal worth $8.4 million, the first transfer of the properties in more than 40 years.

According to realestate.com.au, the 333-335 Wellington Street site last sold for $30,000 in 1971.

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Employees

8th-Landmark Harcourts WA28
9th↑McGees Property28
10th-Lease Equity28
11th↑Acton GroupNFP
12th-The Vicus Property Group22
45 real estate - commercial ranked by commercial staff [this field is calculated by applying the % of business commercial to the total staff in WA.]

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