Lease Equity is proud to offer For Sale via Expressions of Interest - 52 Lord Street, East Perth.
This prominent East Perth landholding is located on the corner of Lord, Royal and Wittenoom Streets on the north eastern edge of the Perth Central Business District.
THE OPPORTUNITY
Landbank with significant holding income
Substantial fringe CBD development site 4,882sqm
Prominent exposure with 4 street frontages
Combined passing income of $708,564.39 per annum
(approx.)
ASX Listed (Officeworks Pty Ltd) and NYSE Listed
(Continential Tyre Pty Ltd subsidiary, Tyre and Auto Pty Ltd
- My Car) agent
Redevelopment clauses in all leases
Strategically located in close proximity to CBD, Royal Perth Hospital which is proposed to undergo substantial redevelopment in addition to education establishments, major highways and public transport networks
Favourable Precinct 4 - Silver City zoning providing flexibility with development use, density and tenancy mix
Opportunity to redevelop up to 214 apartments or 12,205sqm of floor space at 2.5:10 plot ratio (subject to council approval)
Owner occupy part from February 2020 and derive an income; or
Value-add through repositioning, new lettings and lease structures
Expression of Interest close 4pm(AWST) Thursday 8th of October 2020.
Contact Lease Equity today on 08 9426 1777 for further information or to arrange an inspection.
