32 Cedric Street, STIRLING WA 6021
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- 11 x Onsite parking
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- 7 Nov 2016
PRIME DEVELOPMENT SITE - DEVELOP / HOLD / INVEST
Raine & Horne Commercial are delighted to present 32 Cedric St Stirling to the market for sale.
The current owners have a development application currently with the Stirling council to build a seven storey apartment building; the development will consist of basement, grade & mezzanine level car parking (which includes two ground floor commercial lots), four levels of one and two bed apartments plus roof terrace and entertaining area.
The building will be the first of its kind in the Cedric St precinct north of the freeway, this could provide a developer a prime development with minimal competition and likely appetite from local buyers.
The Stirling council, under their newly issued city centre restructure plan are keen to establish higher density residential living and amenity surrounding the transport hub which is less than 1km away.
32 Cedric Street also offers developers holding income, the property is currently leased for the short mid-term with redevelopment clause included.
This property will certainly appeal to residential developers, but also be of interest to owner occupiers & medical operators seeking quality location, exposure and the development capabilities for future security.
> Land: 788 sqm
> Building: 270 sqm (approx)
> Currently provides Holding Income (with Redevelopment Clause)
> Ample Surrounding Amenity
> 800m (approx) to Train/Bus/Mitchell Freeway
> 22 Residential Apartments (1 & 2 Bed)
> 2 Commercial Units (Ground Floor)
> 36 Car Bays / Rooftop Terraces
For Sale: $1,475,000 (sold going concern for GST purposes)
For further information or to arrange a viewing please contact the selling agents.
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
32 Cedric Street STIRLING