25 Preston Street Como WA 6152

CBRE is pleased to exclusively present the opportunity to acquire a 100% freehold interest in 25 Preston Street, Como WA.

Commandingly situated on the corner of Preston Street and Labouchere Road, approximately 5.8 kilometres from the Perth CBD, and comprising a prime 8,024 sqm landholding with dual street frontage, the site represents an extremely rare opportunity to capture considerable development upside in the heart of Como.

Having been rezoned in June 2021, allowing significant future redevelopment flexibility and the opportunity to transform the Como city centre, the site offers sweeping 360 degree views of the CBD and Swan River from permitted heights above.

Anchored by a dominantly trading IGA supermarket and the lively Karalee on Preston through to 2028, supplemented by various shops and a service station, the centre boasts a WALE of 4.4 years, providing a diversified and substantial holding income stream $877,0010pa*.

The property is offered for sale via an Expressions of Interest campaign closing 2:00pm (AWST) Thursday 12 May 2022.

Please contact the exclusive agents for more information.