MLV Real Estate as exclusive selling agents present the opportunity for developers and investors to acquire a prime fringe CBD development site and a significant landholding with holding income.
THE ASSET
Comprises a rectangular shape lot of 769sqm occupying a prominent position on Stirling Street in Perth. The improvements comprise a brick and iron brick workshop with a two-level office to the façade, with a total lettable area of approximately 740sqm. The property is currently utilised as a workshop, and will be sold with a leaseback to the current tenant 'Head Exchange', providing holding income while development approvals are sought.
KEY ATTRIBUTES
• Zoned City Centre, 'Precinct 3' under City of Perth Planning Scheme No. 2
• Plot ratio of 4.0:1, with a bonus plot ratio available of 6.0:1
• No prescribed building height limit
• Exceptional accessibility - Right of Way adjoining the northern boundary
• Outstanding redevelopment opportunities - office, retail, student accommodation, mixed use
LOCATION
Located approximately 900m north of the Perth GPO on the doorstep of the vibrant Northbridge precinct, with access to key transport links & exceptional amenity. Surrounding development encompasses numerous restaurants, sporting, entertainment facilities and significant commercial, residential and hotel development.
Distances to key landmarks
• Perth Train Station/Yagan Square - approximately 950m
• ECU City (Due completion late 2025) - approximately 1km
• North Metropolitan TAFE - approximately 250m
• Graham Farmer Freeway - approximately 550m
• HBF Park - approximately 650m
For lease terms, contact the exclusive selling agents.
