35-37 Ardross Street Applecross WA 6153

Knight Frank and Mack Hall are proud to present a rare and unique investment or future redevelopment opportunity located at 35-37 Ardross Street, Applecross. For Sale by Offers to Purchase closing 3:00pm (WST) Wednesday, 11 October 2023 (unless sold prior).

Located on Ardross Street, which intersects with Canning Highway and Kintail Road, approximately 10 km south of the Perth CBD. Both adjoining properties are located within the very popular café and retail strip known as "Applecross Village".

Two individually titled sites of 1,012 sqm* with a combined land area of 2,024 sqm* with 40.2 m* frontage to Ardross Street. Both sites have frontage to the rear lane known as Buckley Lane, which is an added benefit for future redevelopment to utilise the full frontage to Ardross Street with the parking access from the rear lane.

Whilst the property currently has sound holding income there is future potential to develop the site up to 13 meters or 4 levels approximately. Buyers should make their own determination if they believe this height could be exceeded subject to normal planning guidelines under the local scheme or through other planning bodies.

35 ARDROSS STREET- Two level building of brick and tile construction comprising 6 tenancies. The top level is occupied by 7 Spices Indian Restaurant having a NLA of 345.7sqm* with the balance of 5 tenancies of 332.9 sqm* at ground level. Total NLA of 678.6 sqm*.

37 ARDROSS STREET- Single level building of brick construction with metal roof, comprising 4 tenancies. Total building NLA of 336.8 sqm*. Adjoining is The Good Grocer IGA car park which provides good exposure to the tenancies within 37 Ardross Street.

Multiple tenancy mix, combining retail, office and restaurant occupiers provide a solid holding income of approximately $369,689 pa*

The combined land parcel is the largest potential development site with this tightly held Applecross Village precinct which is surrounded by quality high end residential homes and apartments. Highly recommended long term investment/development play.

For more information please contact the exclusive agents:

Adrian Holler
0416 124 514

Tony Delich
0418 926 410

*Approximately