Take advantage of this rare chance to acquire three prime properties in West Perth, available as individual purchases or a combined site, offering significant potential for residential development in a highly desirable location. With Residential R80 zoning, these sites are ideal for multi-storey projects, making them a compelling choice for investors and developers looking to expand in West Perth.
241 Vincent Street, West Perth
Lot Size: 598.99m²
Zoning: Residential R80 (LPS2)
Designated Use: Residential
Building Height Limit: Up to 3 storeys
Future Planning: Approx. 14m² frontage to be ceded for road widening
Tenancy: Periodic lease generating $450 per week
243 Vincent Street, West Perth
Lot Size: 705.59m²
Zoning: Residential R80
Designated Use: Residential
Building Height Limit: Up to 3 storeys
Future Planning: Approx. 13.5m² frontage to be ceded for road widening
Tenancy: Periodic lease generating $510 per week
84 Loftus Street, West Perth
Lot Size: 559m²
Floor Area: 106m²
Zoning: Residential R80 (LPS2)
Designated Use: Residential
Building Height Limit: Up to 3 storeys
Future Planning: No heritage restrictions or road widening requirements
Tenancy: Vacant, ideal for immediate planning and development
Residential Zone Objectives
Diverse Housing Options:
Supports a variety of housing choices and residential densities to meet community needs.
High-Quality Design and Streetscapes: Encourages quality in design, architecture, and landscaping to enhance the area's aesthetic.
Compatible Non-Residential Uses:
Permits select non-residential uses that complement the residential environment.
Combined, these properties offer a total of 1,863.58m² of developable land with rental income from two properties, flexible zoning options, and the opportunity for high-quality, sustainable residential design. Whether acquired as individual lots or as a strategic landholding, this is an exceptional opportunity to contribute to West Perth's urban landscape.
Contact Doreen Sharma on 0415 070 683 or email doreensharma@theagency.com.au to explore this unique development potential at 241 & 243 Vincent Street, along with 84 Loftus Street!
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
