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VFP Sells Iconic Site to DevWest Group

Friday, 11th June 2010

VFP has just brokered the sale of 326 & 330 Churchill Avenue in Subiaco. The 714sqm development site which backs onto the Subiaco Hotel was sold for $3,100,000 representing a square meter rate of $4,342.

"Reputable developers DevWest were extremely happy to be able to lock away their next successful project for their investors" David Vitale Principal of Vitale Fine Properties said.

"The development will comprise one retail shop on the ground floor, two levels of commercial space and a combination of one and two bedroom apartments on the top floor. Most have already sold however there is the opportunity to get in on the action still." David said.

All enquires should be directed to David Vitale at Vitale Fine Properties.