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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.
Land Area:
• 18 Kearns Crescent - 1,030sqm
• 20 Kearns Crescent - 930sqm
• Total - 1,960sqm
Lettable Area:
• 18 Kearns Crescent - 526sqm*
• 20 Kearns Crescent - 519sqm*
• Total - 1,035sqm*
Net Income:
Current Passing Income $251,000 + Outgoings & GST (approx.)
Fully Let Potential Income $285,000 pa + Outgoings & GST (estimated)
Development Potential
6 Stories. Although it should be noted that 7 stories has been approved within the precinct.
Zoning:
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.
Offers Invited
For further information or to arrange an inspection please contact:
Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168
Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 777
*approximate
^Subject to Council approval
Remember to mention you found this property on DevelopmentReady
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.
Land Area:
• 18 Kearns Crescent - 1,030sqm
• 20 Kearns Crescent - 930sqm
• Total - 1,960sqm
Lettable Area:
• 18 Kearns Crescent - 526sqm*
• 20 Kearns Crescent - 519sqm*
• Total - 1,035sqm*
Net Income:
Current Passing Income $251,000 + Outgoings & GST (approx.)
Fully Let Potential Income $285,000 pa + Outgoings & GST (estimated)
Development Potential
6 Stories. Although it should be noted that 7 stories has been approved within the precinct.
Zoning:
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.
Offers Invited
For further information or to arrange an inspection please contact:
Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168
Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 777
*approximate
^Subject to Council approval
Remember to mention you found this property on DevelopmentReady
