1 Cleaver Street, WEST PERTH WA 6005
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- Industrial / Warehouse
- Floor area:
- 0 x Onsite parking
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- Energy Efficiency Rating:
- 0.0 NABERS energy rating
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- 15 Dec 2016
Colliers International is delighted to offer this income producing site for sale!
1 Cleaver Street, West Perth is situated at the bottom of Cleaver Street and benefits from additional frontages to both Old Aberdeen Place and Tandy Street. The site is situated within the portion of West Perth which has long been identified as an industrial precinct. In more recent times, with residential development encroaching and the CBD expanding, this area has become a prime locality being situated on the CBD fringe. This shift has made the locale more conducive to Mixed Use and Residential development with more of the Perth population opting to live close to the Perth CBD due to its convenience and many amenities.
The property is zoned ‘Commercial’ under the City of Vincent and is part of the Cleaver Precinct – Scheme Map 5. The Cleaver Precinct allows for this redevelopment to take place permitting commercial, mixed use and residential development within the area. As a result, the area is in the early stages of transitioning from industrial to residential uses.
Given this, the property will have appeal to investors, given its holding income, and developers wanting to redevelop the property.
The holding income of the site is a key component at $58,500 per annum net. This is a great opportunity to acquire a re-development site, commencing preliminary works and obtaining Development Approval while still gaining an income from the property!
Other key selling features of the site include:
- Construction of up to 7 storeys (or 23 metres)
- Plot ratio of 2.5
- Level site with 3 street frontages
- Situated just west of the Perth CBD
- Situated within 800 metres of the Leederville Train Station
- Established suburbs and amenities surrounding the site
- Quality tenant in Bridgestone Select Tyres to 2020!
- Existing industrial property onsite currently generating income of $58,500 per annum net
- Annual CPI increases
For sale by Public Auction if not sold prior. Auction on site Wednesday, 9 November 2016 at 11am.
This is your opportunity to buy into this area now before prices sky rocket!
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
1 Cleaver Street WEST PERTH