• Building Area: 711m2
  • Property ID: 253
$3,250,000 + GST For sale

DEVELOP / OCCUPY / INVEST

THE OPTIONS ARE ENDLESS

Well located development (base plot ration 4:1) site which has existing good quality 3 level building which could also be bought as an investment & renovated or occupied

Land Area: 732m2 (4:1 Base Plot Ratio)

Total Building 711.5m2
Basement 177.2m2
Ground Floor 255.1m2
1st Floor 279.2m2

10 car-bays onsite at the rear of the building accessed by a side laneway from Hay Street as well as a rear laneway leading of Bennett Street. They are registered with City of Perth

The building is currently partially leased on a short term basis providing a good holding income, (with development clause applicable)

Well located on the Northern side of Hay Street between Hill Street and Bennett Street. Well serviced by public transport and with easy access to the Mitchell and Graham Farmer Freeway it is just a short trip to Perth CBD

Zoning:- The property sits within the Goderich Precinct in the Perth City Planning Scheme No 2.
It has a Town Centre classification under which the site is able to achieve a 4:1 plot ratio with a potential for a maximum of 20% plot ratio bonus.

City of Perth's town planning department has verbally confirmed the following approved use for the existing building;

Ground floor - Retail use
1st Floor - Office use

For more information please call Adam Smith

Interested? Contact us today

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