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7 Cleaver Street West Perth WA 6005

  • Development / Land
  • Land Size2,723 m²
  • PriceFor Sale, $5,500,000 (Going Concern)

Rare Inner City Development Opportunity

- Total land area 2,723sqm
- Improvements of 1,700sqm*
- Vacant possession or lease back
- Zoned Commercial with up to 7 storey development potential
- Outstanding access to main arterial roads
- Two huge 53 metre* street frontages
- Short distance from Leederville and Northbridge entertainment precincts

The Opportunity
Burgess Rawson are pleased to present to the market this fantastic inner city development opportunity located at 7 Cleaver Street, West Perth. The property is offered with vacant possession for an owner occupier or developer or with a holding income of $200,000 + GST per annum with a 3 year term with a 3 year option. This large 2,723sqm near square block enjoys two street frontages to both Cleaver Street and Tandy Street and is just metres from the Graham Farmer Freeway and Loftus Street.

Land Area
Cleaver Street Frontage 53.35 metres
Depth 50.79 & 51.21 metres
Tandy Street Frontage 53.41 metres
Total Land Area 2,723sqm

Zoning
The site is zoned Commercial under the City of Vincent Town Planning Scheme and located in the Cleaver (5) Precinct. The property has the potential to build 7 storeys high as per the City of Vincents Built Form document.

Title Details
Lot 101 on Diagram 71628 Certificate of Title 1785 Volume 707.

Development Potential
This large, near level 2,723sqm block comprises dual access with the opportunity for the astute developer or investor to obtain a holding income whilst designing a development in the realm of commercial, residential or mixed business. There is the potential for multiple levels making this a prime development site with easy access into Northbridge, Leederville and the Perth CBD.

Possession & Lease
The property is being offered for sale with Vacant Possession OR a Lease for a 3 year term plus 3 year option at $200,000 pa + GST.

Asking Price
$5,500,000 (+ GST or Going Concern)

*Approx

Property Highlights

Property ID2014385702
Floor Area2,723 m²
Land Area2,723 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  23 May 2019
Map for 7 Cleaver Street West Perth WA 6005
Burgess Rawson
Level 10 225 St. George's Terrace Perth WA 6000

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