Rarely do you get a second bite at the cherry, for a short time only, exclusive agent Belle Property Commercial is pleased to present to market 289-295 Vincent Street, Leederville for Sale as Mortgagee in Possession via 'Expressions of Interest' closing 5pm (AWST) 10th October 2024.
This impressive triple lot development site boasts a land area of 1,578sqm* with a previously approved DA for a 35 Lot scheme over 9-storeys. The Vincent Street fronted site has an easement of 223sqm* which connects to the infamous 'Electric Laneway' which has been exceptionally developed by Hesperia and ABN respectively.
The property benefits from 3 separate lots and will be a last remaining development site in the sought after activity precinct of Leederville, situated only a stone throw away from the CBD.
Key Metrics:
- Mortgagee in Possession Sale
- Previously approved 9-storey site
- 3 Separate titles
- Easement of 223sqm* connecting to 'Electric Lane'
- Added plot ratio bonus: 2.66
- Cleared Inner Leederville site
- Located within Leederville activity centre, 200m* from Leederville Train Station
- 3 frontages connected to Electric Lane
- Sold as vacant possession with GST applicable to the purchase price
Land and Zoning
Lot 8 289 Vincent Street 526sqm*
Lot 7 291 Vincent Street 526sqm*
Lot 6 295 Vincent Street 526sqm* with 223sqm* Easement connecting to 'Electric Lane'
The subject sites are zoned 'Regional Centre' within the City of Vincent Local Planning Scheme No 2. The subject property has a 6-storey height limit with further achievable heights and bonus plot ratios, subject to council approval.
SALE PROCESS
The property is being sold via 'Expressions of Interest' closing 5pm (AWST) 10th October 2024 - A copy of the EOI document & Information Memorandum is available on request.
289-295 Vincent Street provides a prime location accompanied with an abundance of amenity, making it an ideal opportunity for Developers, so seize your chance and make your mark in the Leederville story!
For further information or to arrange a viewing inspection please contact the listing agent.
*Approximate
**STCA
