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Rare City-Edge Block - Design Your Future in Perth's Vibrant Heart
A rare opportunity to secure a 304 sqm street-front block in a tightly held inner-city precinct, just minutes from the Perth CBD. Zoned Mixed Use (R80), this site offers outstanding flexibility - ideal for those looking to build, invest or redevelop in one of Perth's most connected and evolving areas.Currently improved by a workshop/garage leased at approximately $21,000/year, the property provides valuable holding income while you finalise your plans.
Architectural renders and concept plans have already been prepared (see listing), showcasing the site's dual-lot subdivision - allowing you to visualise the transformation from day one.
Highlights
•304 sqm landholding - Mixed Use / R80 zoning
•Plans and 3D renders available for immediate inspiration
•Potential for two lot subdivision & two-storey development (STCA)
•Existing workshop with income in place (~$21,565 per annum, with all outgoings paid by the tenant)
•Existing garage area approx. 89 sqm, brick walls and iron roof
•Walk to East Perth Station, Optus Stadium, and the Swan River
•Minutes to CBD, Crown, cafés, restaurants, and amenities
Whether you're an owner-occupier dreaming of a city-fringe lifestyle, an investor seeking income and growth, or a developer ready to capitalise on pre-prepared plans, 25 Lacey Street represents one of those rare, low-risk, high-potential sites that seldom come to market. Perfectly positioned between Perth's urban core and the Swan River, this property offers versatility, convenience, and strong long-term upside.
Outgoings (currently paid by the commercial tenant in addition to the rent):
•Council Rates: Approx $2,685 per annum
•Water Rates: Approx $1,745 per annum
•Property Management Fees
•Building Insurance
Disclaimer: All information provided is for general guidance only and is based on details from the Seller and relevant local authorities. While every effort has been made to ensure accuracy, we cannot guarantee it, and details may change. Buyers are encouraged to conduct their own independent enquiries before making any decisions.
Property features
Listing snapshot by reiwa.com
This land listing located in Perth was sold by Pat Leclezio and Larry Smith at Acton | Belle Property Cottesloe.
If you would like to get in touch with Pat Leclezio or Larry Smith regarding 25 Lacey Street, Perth, please call Pat on 0437 600 397 or call Larry on 0413 436 005, or contact the agent via email.
Cost breakdown
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Council rates: $2,684 / year
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Water rates: $1,658 / year
Nearby schools
Perth overview
Perth is the bustling, exciting capital of Western Australia and the location of the Central Business District. With attractions such as Elizabeth Quay and the Bell Tower, the city basks in the stunning surrounds of the Swan River. Young, hip and evolving at a rapid pace, Perth is firmly establishing itself as a world-class city centre.
Life in Perth
With major developments underway in Perth to elevate the city’s cultural panache, Perth is experiencing a cultural awakening. Laneway bars and rooftop venues are in abundance, as well as a broad range of restaurants to satisfy any palate. Transport in and out of the city is convenient with the Perth Train Station and Bus Station as well as free CAT bus services. Carillion City, Forrest Chase and the Hay Street and Murray Street malls (to name a few) will appeal to retail addicts.
Perth quick stats
High end
$1.7m
Median
$1.4m
Low end
$1.3m
14.1 %
Annual growth
$1.4m
Annual median sales price
$777pw
Annual median rental price
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