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A prime opportunity acquire a high density development site, with holding income in one of Perth's most exclusive riverside suburbs.
Currently two office buildings that are well maintained and managed, the sites offer both a passive income stream and the ability to develop.
Located in the Riseley Centre Precinct with all it's local shopping amenity and with the ability to build 6 stories or higher (STCA^), the site is ideal for high end residential, NDIS, aged care or commercial redevelopment.
• 18 Kearns Crescent - 1,030sqm
• 20 Kearns Crescent - 930sqm
• Total - 1,960sqm
• 18 Kearns Crescent - 526sqm*
• 20 Kearns Crescent - 519sqm*
• Total - 1,035sqm*
Current Passing Income $251,000 + Outgoings & GST (approx.)
Fully Let Potential Income $285,000 pa + Outgoings & GST (estimated)
6 Stories. Although it should be noted that 7 stories has been approved within the precinct.
District Centre 2 - "Riseley Centre Precinct" under the City of Melville Town Planning Scheme No.5.
"Precinct 3:The Crescent - District Centre R-ACO (no maximum residential density)" under the City of Melville Riseley Activity Centre Structure Plan.
Expressions of Interest closing Tuesday, 18 May 2021 at 4pm (AWST)
For further information or to arrange an inspection please contact:
Ray White Commercial (WA)
M: 0478 611 168
E: [email protected]
M: 0421 622 777
^Subject to Council approval
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