231-233 Bulwer Street, Perth WA 6000

PRIME CITY FRINGE LOCATION & LEASED INVESTMENT!

NAI Harcourts Metro is proud to present 231-233 Bulwer Street, Perth to the market.

This is a unique two-level leased building with development potential perched on 948sqm (Approx) of land size situated on the corner of Bulwer & Lake Streets.

Location -

A prime city fringe location, this property is 1.25kms (Approx) from the Perth CBD within walking distance to Northbridge and with easy access to public transport routes.

Opportunity -

This is a once-in-a-lifetime opportunity for astute investors to acquire a two-level freehold fully leased asset across two landmark properties in a sought-after and tightly held inner city precinct of the Perth CBD.

Tenancy -

• Fully leased
• Three separate tenancies

Prominent corner site with commanding street presence, this property comprises a two-level building presently being occupied with offices/gym and sports medicine physiotherapy outlets with three separate quality tenancies.

Each of the top-tier tenancies/occupancies present a high standard of fit-out and superb furnishing including staff amenities and air conditioning.

In addition, the property features a rear warehouse/storage/bulky goods space (another potential lettable space) with a rear roller door access.

Property -

Two certificates of Title:

• Legal Description: Lot 100 on Diagram 74591 Volume 1821 Folio 370
• Legal Description: Lot 16 on Plan 2095 Volume 1378 Folio 590

Site Area: 948sqm (Approx)
Two-level building

• Bulwer Street Frontage - 25.97m (Approx)
• Lake Street Frontage - 36.49m (Approx)

Parking -

• Up to 11 (Approx) on-site car bays plus bicycle parking racks at rear of the property.
• Ample public parking spaces adjacent to the building and surrounding streets as well as curb side parking on Bulwer & Lake Streets.

Zoning -

• Zoned: "Residential R50" (As per City of Vincent)
• Current land use: Offices and Consulting Rooms

Development Potential -

• Standard Building Height: 2 storeys

Note "non-standard building height" proposal can be submitted to the City of Vincent for special consideration (STCA).

• Plot Ratio: R50

Note "plot ratio" is not applicable to R50 properties, this subject property will be assessed against Residential Design Code Volume 1, Part C of the R Codes (STCA).

Adjoining Residential Property (235 Bulwer Street, Perth WA 6000) -

The adjoining residential property is also on the market for sale.

Note there is an opportunity for investors/developers to acquire next door (235 Bulwer Street, Perth) along with 231-233 Bulwer Street, Perth to achieve a larger plot size development project in the future.

Method of Sale -

Private treaty sale through expressions of interest.

Contact Sheila Rejek on 0422 888 323 or [email protected] for more information.


Disclaimer:
NAI Harcourts Metro endeavours to ensure all information in relation to zoning uses, block sizes and dimensions are current and correct and is provided for general information purposes only and may be subject to change. Readers/Buyers should undertake their own independent enquiries to conduct their own full due diligence relating to the information provided and place no reliance on it without first independently satisfy themselves as to the correctness or otherwise of its contents including all statements of fact, assumptions, calculations and methodologies. NAI Harcourts Metro (including its agents and sales representatives) makes no representation or warranty as to its currency or accuracy.