Inner City Freehold Development Opportunity – Income Now and Develop Later!

268 lord street, perth wa

Price: $2,850,000 + GST

  • Total Land Area 1,414sqm
  • Improvements of 750sqm
  • Zoned ‘Commercial’ with up to 6 storey

Property Details

- Outstanding location close to amenity
- Lord Street frontage
- Suits multiple uses (STCA)
- Excellent access to main arterial roads
- Variety of development options
- Substantial inner city site
- 2km from central Perth CBD

The Opportunity
Burgess Rawson are pleased to present to the market this fantastic inner city development opportunity located at 268 Lord Street, Perth. The site is primed to be developed in the near future on this large 1,414sqm parcel of land. The property currently comprises 750sqm of improvements made up of office, showroom and warehouse and has a bitumised hardstand area. The property can also be sold as a Going Concern with a short term lease in the vicinity of 1-2 years in place whilst a buyer ascertains a DA.

The property is level and easily accessible from main roads, Beaufort St, Graham Farmer Freeway, Wellington St and East Parade.

Location
Situated within minutes of the Perth CBD, Northbridge & Mount Lawley, 268 Lord Street is well located with close proximity to amenity and main roads;

- 2.0kms from the Perth CBD
- 600 metres from Graham Farmer Freeway
- 350 metres from NIB Stadium
- 600 metres from East Perth Train Station
- 1km from Beaufort St entertainment precinct
- Fantastic access to public transport routes

Land Area
Lord Street Frontage 24.86 metres
Depth South Side 57.70 metres
Depth North Side 73.47 metres
Total Land Area 1,414sqm

Planning
The site is zoned ‘Commercial’ under the City of Vincent Town Planning Scheme

Title Details
Lot 19, 105 & 106 on Plan 583, 30363 on Certificate of Title Volume 1448 Folio 785,783

Development Potential
The site resides in the ‘Transit Corridor’ of the City of Vincent ‘Built Form Guide’ and can be developed up to 6 storeys.

Possession & Leaseback
The property is being offered for sale with vacant possession or via Lease back with a brand new 1 or 2 year lease in place at $70,000 + GST pa annum. If sold with vacant possession GST will be applicable to the purchase price. If sold with the Lease in place the property will be sold as a Going Concern

Outgoings (18/19 FY)
City of Vincent $7,036.92
Land Tax $9,911.45
Water Rates $2,700.00

For further information or to arrange an inspection, please contact the exclusive agents.

*Approx

(STCA) Subject to Council Approval

Featured Details

Current Tenant Vacant
Gross Building Area 750 sqm
Land Size 1,414 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: WA012131

Thank you for showing interest in us.

Contact Details

Office Details

Level 10, 225 St Georges Terrace Perth WA 6000

T 08 9288 0288 E perth@burgessrawson.com.au

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