Colliers is pleased to offer for sale 361 & 365 Newcastle Street, Northbridge. A rare opportunity to acquire a leased character building in a tightly held city fringe location with future redevelopment potential.
A superb opportunity for an investor to acquire a leased asset, owner occupiers that may occupy the improvements at the conclusion of the leases or property developers to create a landmark mixed use development capitalizing on its significant land holding and generous development guidelines.
The properties are situated at the west end of the Newcastle Street approx. 50 meters from the Fitzgerald Street intersection offering prominent exposure to passing traffic and are surrounded by great amenity and easy access to the heart of Northbridge, the Perth CBD, public transport, and freeway entry/exits.
The properties are leased with a combined current rent of $138,155pa. Please refer to the selling agents for further information.
Land Details*
361 Newcastle Street - 304sqm
365 Newcastle Street - 958sqm
Combined Land Area 1,258sqm
Improvements
The properties consist of two single level, open plan character buildings refurbished with on site parking.
Zoning
The City of Perth advise that the properties are located within the Northbridge 1- Russell Square precinct and are subject to the following design guidelines-
Plot ratio- 2.0 : 1.0
Height limit- 3 storeys up to 12m
Heritage
365 Newcastle Street is listed on the City of Perth Inventory list.
Method of Sale
The properties are offered for sale by Offers Invited and may be purchased together or individually.
For further information or to arrange an inspection, please contact the selling agents
