Issue 57 | The Property Development Review

WA Opportunities

PRIME PERTH CBD DEVELOPMENT SITE WITH HOLDING INCOME 139 STIRLING STREET, PERTH, WA

THE ASSET Comprises a rectangular shape lot of 769sqm occupying a prominent position on Stirling Street in Perth. The improvement brick and iron brick workshop with a two-level office to the façade, with a total lettable area of approximately 740sqm. The currently utilised as a workshop, and will be sold with a leaseback to the current tenant ‘Head Exchange’, providing holding development approvals are sought.

KEY ATTRIBUTES •

Rectangular shape lot of 769sqm

• Zoned City Centre, ‘Precinct 3’ under City of Perth Planning Scheme No. 2

Plot ratio of 4.0:1, with a bonus plot ratio available of 6.0:1

No prescribed building height limit

• Exceptional accessibility - Right of Way adjoining the northern boundary

• Outstanding redevelopment opportunities - office, retail, student accommodation, mixed use

CONTACT MLV REAL ESTATE FOR FURTHER INFORMATION.

David Lamb 0411 597 952 davelamb@mlv.com.au

FI

SALES, LEASING, VALUATION, SYNDICATION, CONSULTANCY, PROPERTY MANAGEMENT MLV.COM.AU

140 – October / November 2024

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