FOR SALE VIA EXPRESSIONS OF INTEREST BY 4PM (AWST) TUES 25TH FEBRUARY 2025 (UNLESS SOLD PRIOR)
Ideally positioned between two luxury apartment complexes in one of the area's most popular streets, this prime landholding provides a rare opportunity to secure one of the last remaining large development sites in the sought-after 'river-side of the highway' section of Como. Set within the tightly-held Cassey Quarter of the Canning Bridge Activity Centre Precinct, the site offers potential for a large scale 6 - 8 level luxury apartment project, along with potential for variation of the scheme provisions to create a unique terrace and townhouse-style development.
Sitting across two titles and with the bonus of two neat and solid three bedroom homes to rent out while considering your options, the site offers exceptional flexibility and with alternative vehicle access available via Henley Street, the site can be developed to its full potential in order to maximize returns, adding to the appeal.
Brilliantly located so close to the river foreshore and Canning Bridge Station and just a short stroll across historic Canning Bridge to the bars and restaurants of Applecross - including the iconic Raffles Hotel and riverside favorite, the Rowing Pavillion, this is the ideal site whether your plans are to development now, or land-bank while you consider your options as this exciting new precinct comes to life.
• Two adjoining titles of 1113sqm and 1012sqm, to form a huge 2125sqm landholding
• Exceptional 40.24m frontage to desirable Robert Street
• Located within Canning Bridge Activity Centre Precinct ( Cassey Quarter)
• Perfectly positioned between the iconic 'Paradiso' and 'Edition' buildings
• Suitable for 6 - 8 stories of luxury apartments
• Potential for a unique terrace/townhouse-style project (subject to approval of variation to precinct design guidelines)
• Vehicle access available from Henley Street - assisting maximization of site potential
• Two solid 3 bedroom homes, ideal to provide holding income until you develop
• Current market rent potential of approximately $700 - $770 per week for each home
THE DETAILS:
Local Authority: City of South Perth
Council Rates (combined): $4,819.54 per annum
Water Rates: (combined): $2483.68 per annum
Zoning: Canning Bridge Activity Centre
Land Area: 2125sqm (combined)
Improvements: 2 x three bedroom brick & tile homes
Leases: #89 currently vacant, ready for leasing | #91 on a periodic tenancy at $620pw
Estimated Market Rent: $700 - $770pw for each home (appraisal avail.)
More Info: Detailed Information Memorandum and Investor's Pack avail. upon request
Contact: Nik Jones 0417913966 | Giuli Zirino 0417970588
Whether you are a developer searching for the ideal site to create a landmark development, an investor seeking to capitalize on the prime location and development upside for the future, or even a group of friends and family seeking to invest in one of Australia's most popular high-growth areas, this is a very rare opportunity that is simply not to be missed.
Expressions of Interest are invited are invited by 4pm (AWST) on Tuesday 25th February 2025. The seller reserves the right to accept an offer prior to the end of the campaign, or to bring the closing date forward.
A detailed Information Memorandum, including zoning and development information, and all relevant documentation is available to interested parties by email upon request, as is an Investor Pack, including full photos and rental appraisal reports for the individual houses.
For further information, please contact Nik Jones or Giuli Zirino or for the fastest and most detailed response, please send an email enquiry directly from this website (preferably NO SMS enquiries, please).
Disclaimer: Whilst every care has been taken in preparing this advertisement and all information is provided in good faith, neither the agent nor the seller accept responsibility for any errors, omissions, or mis-descriptions. Prospective buyers should make their own independent enquiries to their full satisfaction in relation to the property prior to submitting an offer.
This property at 89 - 91 Robert Street, Como is a six bedroom, two bathroom house listed for sale by Giuli Zirino and Nik Jones at Jones Ballard.
For more information about Como, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Como profile page.
If you would like to get in touch with Giuli Zirino or Nik Jones regarding 89 - 91 Robert Street, Como, please call Giuli on 0417 970 588 or call Nik on 0417 913 966, or contact the agent via email.
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Track propertyComo is an established suburb bound to the west by the Canning and Swan Rivers. Part of the City of South Perth's municipality, Como experienced its most significant development during the 1950s and 1960s, with gradual growth since the early 1990s as new dwellings were added to the area.
Parks and reserves are a dominant aspect of the Como landscape, such as one of Como's most notable features the international standard 27 hole Collier Park Golf Course. The Como Hotel is a popular bar, café and restaurant in the suburb and a recognisable fixture of Canning Highway. There are also some shops in the area to service local requirements, as well as four local schools, including Penrhos College.
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