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42 Bennett Street, East Perth, WA 6004

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42 Bennett Street, East Perth, WA 6004

East Perth

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42 Bennett Street, East Perth, WA 6004
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42 Bennett Street, East Perth, WA 6004

42 Bennett Street, East Perth, WA 6004

Properties / Buy / Western Australia / East Perth
Development Potential
Property Type
Commercial, Mixed Use
Sub Type
Other, Retail/Shopping Centre
Land Area
958 m² (*approx)
Selling Method
EOI: CONTACT AGENTS
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HIGH PROFILE CORNER SITE WITH DEVELOPMENT POTENTIAL & INCOME

Knight Frank is pleased to present a highly strategic and significant 958sqm development site located at 42 Bennett Street, East Perth. Sitting at the intersection of Hay and Bennett Street, the site offers a commanding presence and maximum visibility from two major roadways. Additionally, the property has a third frontage facing Forrest Avenue cul-de-sac, providing added accessibility and privacy for residents or clients.

Investment Highlights

• 958sqm site with 3 street frontages in a prime corner location.

• Offers flexibility for mixed-use residential, hotel, retail/dining, or commercial (STCA).

• Zoned ‘Town Centre’ with 4:1 plot ratio (bonuses available) and undefined height limit.

• Substantial holding income of $145,779 p.a; offsetting holding costs during planning phase.

• Improved with a small two (2) storey building of approximately 365 sqm

Lease Details

Offers substantial income providing developers with the benefit of offsetting holding costs while they are in the planning and design stages of development. Details are as follows:

• Leased to Urban OM, a yoga/café operator paying $112,179 p.a* (expiring 6th October 2027) (redevelopment clause present)

• Leased to Wilson Parking for 16 bays, paying $33,600 p.a * (month-to-month)

• Total Net Income of $145,779*

To arrange an inspection or request a copy of the Information Memorandum, please contact the exclusive selling agents Zach Schreier and Jonathan Wong.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

42 Bennett Street Development Site Summary

Property Type
Commercial, Mixed Use
Sub-type
Other, Retail/Shopping Centre
Land Area
958 m² (*approx)
Selling method
EOI: CONTACT AGENTS

Development Site Highlights

HIGH PROFILE CORNER SITE WITH DEVELOPMENT POTENTIAL & INCOME

Knight Frank is pleased to present a highly strategic and significant 958sqm development site located at 42 Bennett Street, East Perth. Sitting at the intersection of Hay and Bennett Street, the site offers a commanding presence and maximum visibility from two major roadways. Additionally, the property has a third frontage facing Forrest Avenue cul-de-sac, providing added accessibility and privacy for residents or clients.

Investment Highlights

• 958sqm site with 3 street frontages in a prime corner location.

• Offers flexibility for mixed-use residential, hotel, retail/dining, or commercial (STCA).

• Zoned ‘Town Centre’ with 4:1 plot ratio (bonuses available) and undefined height limit.

• Substantial holding income of $145,779 p.a; offsetting holding costs during planning phase.

• Improved with a small two (2) storey building of approximately 365 sqm

Lease Details

Offers substantial income providing developers with the benefit of offsetting holding costs while they are in the planning and design stages of development. Details are as follows:

• Leased to Urban OM, a yoga/café operator paying $112,179 p.a* (expiring 6th October 2027) (redevelopment clause present)

• Leased to Wilson Parking for 16 bays, paying $33,600 p.a * (month-to-month)

• Total Net Income of $145,779*

To arrange an inspection or request a copy of the Information Memorandum, please contact the exclusive selling agents Zach Schreier and Jonathan Wong.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential
Zach Schreier
Zach Schreier
+61 *** *** *** show +61 452 071 037
Message Message
+61 452 071 037 [email protected] Message
Jonathan Wong
Jonathan Wong
+61 *** *** *** show +61 434 957 746
Message Message
+61 434 957 746 [email protected] Message
Zach Schreier
Zach Schreier
+61 *** *** *** show +61 452 071 037
Message Message
+61 452 071 037 [email protected] Message
Jonathan Wong
Jonathan Wong
+61 *** *** *** show +61 434 957 746
Message Message
+61 434 957 746 [email protected] Message

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42 Bennett Street, East Perth, WA 6004

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42 Bennett Street, East Perth, WA 6004 East Perth
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Knight Frank - Perth
Knight Frank - Perth
Lvl 37, Exchange Tower, 2 The Esplanade PERTH, WA 6000
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Zach Schreier
Zach Schreier
+61 *** *** *** show +61 452 071 037
Jonathan Wong
Jonathan Wong
+61 *** *** *** show +61 434 957 746
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