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Renovate | Redevelop | Current Commercial
Continue with the current office use, transform back to a character home, or redevelop the block to its maximum R80 potential.
Zoned R80 Mixed Use residential/commercial across a 450m2 corner block presenting an array of possibilities.
• Potential Home
Original and classic, character home stands reminiscent of a past era. Built in the late 1930's the home currently functions as open-plan professional offices. Benefit from a central location enjoying a growing list of nearby amenities including Hyde park, Perth's bustling food and beverage district Northbridge, plenty of public transport, Robertson Park Tennis Centre, some of Perth's best cafes, bars and eateries, and the list goes on....
Are you a buddying hobbyist or a seasoned renovator? Either way, you could be looking at your next rewarding opportunity in transforming this home back to its former residential glory or continue the upgrade and use as commercial offices. Decorative cornicing and period ceiling roses adorning high ceilings, 4 ornate fireplaces, and a stained glass front entry door make this property a designer's dream.
Bring your paint brush, your hard hat, and most importantly, your imagination. The term "this property has strong bones" has never been truer. An exposed brick exterior complete with period features throughout, this property is crying out to be a beautifully modernized designer home with a unique heritage feel.
• Dependable, commercial grade security systems
• Multiple split system air conditioning units
• Ducted reverse cycle air conditioning throughout
• Parking for 9 vehicles
• Primary, secondary street and rear laneway access
• Zoned R80 mixed use (commercial/residential)
• Current Commercial
Currently used as professional offices, this original home, built in the 1930s, has been modified and opened to accommodate open plan offices. The current building is just shy of 200sqm and can accommodate 7 offices.
The property features kitchenette facilities, shower, WC, and vanity bathroom which could operate as a changing/end of trip facility, commercial grade security, ducted reverse cycle air conditioning throughout, multiple split system air conditioners, and off street parking for 8 vehicles.
Water Rates: $1265.24 approx.
Council Rates: $2988.93 approx.
Property features
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Carports
2
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Toilets
1
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Floor area
194m2
Property snapshot by reiwa.com
This property at 56 Palmerston Street, Perth is a three bedroom, one bathroom house sold by Shaun Yeo at Jones Ballard on 23 Jun 2021.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Perth or see other recently sold properties in Perth.
Cost breakdown
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Council rates: $2,988 / year
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Water rates: $1,265 / 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
$1.3m
Median
$1.1m
Low end
$943k
28.4 %
Annual growth
$1.1m
Annual median sales price
$750pw
Annual median rental price
