Blue-Chip Leederville Block of Units – Location, Income & Development Upside
Sterling Property is pleased to exclusively present 167 Carr Place, Leederville – a boutique block of 12 strata-titled 1-bedroom units across a 3-storey complex. This rare freehold corner site offers strong income now with significant future redevelopment potential in one of Perth’s most vibrant inner-city precincts.
Key Highlights
- Land Area: 1,354sqm*
- Improvements: 12 x 42sqm 1-bedroom units (3-storey complex)
- Tenure: Rare single ownership across 12 strata titles
- Zoning: Regional Centre – City of Vincent LPS No. 2
- Planning Framework: Residential R80 (Leederville PSP – Urban Frame Type B)
- Current Height Limit: 4 storeys
- Endorsed PSP Height Limit: 8-10 storeys (STCA)
- Gross Income: $285,480 pa
- Estimated Statutory & Variable Outgoings: $63,913.30 pa
- Estimated Net Income: $221,567 pa
- Prime Location: High-exposure corner with dual frontage
167 Carr Place represents a triple advantage for investors and developers:
- High-amenity location – footsteps to Leederville town centre, train station, cafes, bars, and lifestyle precinct.
- Strong income security – fully leased and well-maintained complex with diversified rental base across 12 units.
- Future development upside – planning certainty supporting 8–10 storeys, unlocking genuine long-term growth potential.
With historically low vacancy rates, rising rental demand, and constrained supply, this is a boutique blue-chip investment seldom offered to market.
Sales Process:
The property is offered For Sale via Offers Invited.
Price Guidance:
Mid–high $5,000,000s (no GST).
Inspections:
Strictly by appointment.
Exclusive Agents:
Jack Bradshaw – Sterling Property
Jake Wallman – Sterling Property
Remember to mention you found this property on DevelopmentReady
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