Cygnet West are pleased to present to the market a development site with holding income in a vibrant Perth precinct.
The property has income in place via short-term car parking leases and is able to be developed in the short term. There are 44 car bays on the property, a majority of which are currently under licence.
The current planning controls and approval precedents for nearby projects suggest this regular shaped corner allotment can be developed to at least four storeys.
At less than one kilometre from the centre of the CBD, the site is located in an up-and-coming part of Perth with easy access to the vibrant hospitality of Northbridge and Perth's major transport networks.
For Sale by Offers to Purchase.
For further information on this opportunity please contact the exclusive sale agents, Tory and Wayne.