Prime Corner with Huge Potential

42 bennett street, east perth wa

Price: Offers Invited

  • High profile corner location
  • Land area 958sqm*
  • Holding income of $200,166 pa net

Property Details

- Sought after and tightly held CBD location
- Includes a substantial freestanding building
- Suits a variety of uses and development possibilities
- High profile corner location
- Land area 958sqm*
- 4:1 Plot ratio
- Holding income of $200,166 pa net

Lease Equity and Burgess Rawson are pleased to offer for sale by 'Offers Invited' 42 Bennett Street, East Perth. A rare opportunity to purchase a landmark property in this highly sought after and tightly held location.

The Opportunity
The property is suited to a wide range of possibilities including the redevelopment of the site or the refurbishment of the building for a range of office/retail/hospitality or other similar uses (Subject to Council Approval).

The property is located on the east side of the CBD and is benefiting from ongoing rejuvenation and redevelopment of the area. Offers easy access to the Swan River and New Perth Stadium and is surrounded by cafes, amenities and is serviced by public transport including the CAT bus route.

The property consists of a two level building with approx. 300sqm ground floor area and 58sqm first floor and includes full staff amenities and various open plan and partitioned offices. There is ample onsite parking.

The City of Perth advise that the property is located in "Precinct 14 - Goderich " and is zoned 'Town Centre'.
The site has a plot ratio of 4:1 + bonuses (Subject to Council Approval)

Land Details
Frontage to Bennett Street - 26.55m
Frontage to Forrest Avenue - 39.69m
Total Land Area - 958sqm

Legal Description
Lot 7 on Diagram 49172.
Certificate of Title 1420 Folio 906.

The property is sold subject to an existing lease to The Commonwealth Bank of Australia expiring 10 July 2018 with a current net income of $200,166 p.a.
Refer to Selling Agents for further information.

Goods and Services Tax
The Sellers are registered for GST and the property is sold as a "going concern".

For further details please contact the selling agents:
Rob Selid
Burgess Rawson
0412 198 294

Luke Pavlos
Lease Equity
0420 880 880

Featured Details

Leased Date 06/07/2018
Gross Building Area 358 sqm
Land Size 958 sqm
Rent Period Annually

Property Enquiry

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

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