Brett Wilkins and Tom Jones of RWC are pleased to present 2 Hamilton Street, Bayswater for sale.
Prime 913 sqm development site located within the Bayswater Town Centre currently leased and operated by the City of Bayswater as a public car park providing the new owner with a holding income.
FEATURING;
• 913sqm of land
• DevelopmentWA redevelopment area
• Preferred land use "Permanent Residential"
• Max build height - 6 Storeys/ 20m
• Setbacks- lower base: 3m from street and rear with nil on sides
LEASE INFORMATION;
• Leased to City of Bayswater
• $25,000pa Net
• Lease expires on 13th August 2024
• Option term of 3 years subject to mutual agreement of lessor and lessee
• There are two previous CPI increases not applied which would result in a Net rent of approximately $28,302pa
LOCATION;
Situated just 7km north-east of Perth's central business district, Bayswater enjoys excellent connectivity to key destinations. Its prime location provides easy access to major arterial roads and a well-connected public transportation network, including train and bus services, ensuring seamless access to education, work, and leisure opportunities in Perth and beyond.
Importantly, the property is in proximity to Bayswater Station which is currently undergoing expansion with completion due late 2023, allowing increased retail opportunity in its surroundings. The increased connectivity allows for transportation to Perth CBD and Perth Airport of 13 minutes and 7 minutes transit times respectively.
Expression of Interest Closing Friday 22nd September 2023 at 4:00pm AWST.
For more information, please contact the Agents:
Brett Wilkins
RWC (WA)
0478 611 168
brett.wilkins@raywhite.com
Tom Jones
RWC (WA)
0478 771 117
tom.jones@raywhite.com
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