Inner-City Development Site or Refurbishment Opportunity for Medical / Health / Office / Various Uses (STCA)
LJ Hooker Commercial Perth is pleased to present for sale 364 Fitzgerald Street, North Perth.
A prime corner site with three street frontages, the property is a suitable prospect for owner occupiers, commercial investors and commercial / residential developers. The property is currently utilised as a medical centre, trading as the Raglan Clinic, with a short-term lease in place to June-22 providing nominal holding income.
Located on the corner of Fitzgerald and Raglan street, the demanding 1,118 sqm land parcel presents with significant development upside, zoned for 'Commercial' with a height limit up to 4-storeys (STCA).
Permitted uses under the Local Planning Scheme include but are not limited to: Consulting Rooms, Convenience Store, Lunch Bar, Liquor Store, Office, Restaurant Café, Serviced Apartments and Shop, together with the following discretionary uses: Aged-Care, Childcare Centre, Multiple Dwellings, Medical Centre, Veterinary Centre, Service Station.
Property Highlights
• Prominent 1,118 sqm corner site in heart of North Perth Town Centre
• Walking distance to major retailer Coles plus Fitzgerald Street café strip & Angove Street bars and restaurant
• Commercial zoning providing flexible future redevelopment options
• Short drive to Perth CBD and easily accessible from freeway & major transport routes
• Walking distance to majestic Hyde Park offering outstanding amenity
• 4-minute drive to major Education hub ECU Mount Lawley & Mt Lawley SHS
• Directly opposite potential future high-density residential apartment project
• Ability to refurbish existing improvements for investment or occupation
• Potential to renovate and lease out balance of centre whilst benefitting from nominal holding income
• Medical approval (subject to council records) to be sold with property
Sale Method:
364 Fitzgerald Street, North Perth is for sale by Offers Invited, closing 2pm (WST) Tuesday 14th September 2021 (unless sold prior).
To discuss the opportunity further or to request a copy of the information memorandum, please contact the exclusive selling agents LJ Hooker Commercial Perth.
(STCA) - Subject to Council Approval
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