Located in the desirable Canning Bridge development precinct, this strategic land holding offers astute investors a commercial holding income combined with potential mixed use development upside^. Pinnacle House at 16 Ogilvie Rd is a functional well fitted office building that provides occupants with good parking, the convenience of quick access to the freeway north or south and walkable access to major train and bus routes. With the Perth CBD just 9*km, Fremantle CBD and Ports 11*km and the Swan River just 150* metres away, the property is also conveniently placed at walking distance from local restaurants, bars and cafes along with other health, retail and service amenities.
Pinnacle House is positioned on a land area of 1656 sqm* offering dual frontage and vehicle access to both Ogilvie and Kishorn Roads. Improvements offer a total floor area of 1755 sqm* featuring a range of fitted out office accommodation and 88 secure undercover car bays. The property is partially leased at current market rates* allowing for potential income upside or the opportunity to occupy the available floor area and maintain the current tenancies in situ.
The City of Melville advises the land is located in the Canning Bridge Area Plan Q2 precinct with a Centre C2 / M15 zoning and R-AC0 R-Code. The total land area available of 1656 sqm* currently allows for potential redevelopment of the site to 32m maximum height being approx 10 storeys^. Additional height may be achieved of approx 15 storeys plus additional discretionary height concessions for community benefits^ through amalgamation of adjoining lots.
For further details on this Strategic Landholding Offering Holding Income and Development Upside, please contact exclusive selling agent David Lightfoot on 0499 888 123.
*Approximate
^Subject to Council Approval
