Rare Inner City Development Opportunity

7 cleaver street, west perth wa

Price: $5,500,000 (Going Concern)

Property Details

- Total land area 2,723sqm
- Improvements of 1,700sqm*
- Rent $200,000 + GST
- 3 year term plus 3 year option
- Zoned ‘Commercial’ with up to 7 storey development potential
- Outstanding access to main arterial roads
- Two huge 53 metre* street frontages
- Short distance from Leederville and Northbridge entertainment precincts
- Rare inner city development opportunity with holding income

The Opportunity
Burgess Rawson are pleased to present to the market this fantastic inner city development opportunity located at 7 Cleaver Street, West Perth. The site has a holding income of $200,000 + GST per annum with a 3 year term with a 3 year option. This large 2,723sqm near square block enjoys two street frontages to both Cleaver Street and Tandy Street and is just metres from the Graham Farmer Freeway and Loftus Street.

Land Area
Cleaver Street Frontage 53.35 metres
Depth 50.79 & 51.21 metres
Tandy Street Frontage 53.41 metres
Total Land Area 2,723sqm

The site is zoned ‘Commercial’ under the City of Vincent Town Planning Scheme and located in the ‘Cleaver (5)’ Precinct. The property has the potential to build 7 storeys high as per the City of Vincent’s ‘Built Form’ document.

Title Details
Lot 101 on Diagram 71628 Certificate of Title 1785 Volume 707.

Development Potential
This large, near level 2,723sqm block comprises dual access with the opportunity for the astute developer or investor to obtain a holding income whilst designing a development in the realm of commercial, residential or mixed business. There is the potential for multiple levels making this a prime development site with easy access into Northbridge, Leederville and the Perth CBD.

Possession & Lease
The property is being offered for sale with a Lease for a 3 year term plus 3 year option at $200,000 pa + GST. The property will be sold as a Going Concern.

Asking Price
$5,500,000 (GST Going Concern)


Featured Details

Current Tenant Tenanted
Gross Building Area 2723 sqm
Land Size 2,723 sqm

Property Enquiry

Regarding Property ID: WA011721

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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