935-939 Wellington Street West Perth WA 6005

Michael Martino & ProProperty Group are pleased to present 935-939 Wellington Street, West Perth, WA 6005.

This property offers a landholding of 918sqm with a floor area of approximately 621sqm with an attractive holding income. This substantial combined offering delivers a very dynamic opportunity to either owner occupy, invest, redevelop or reposition on the doorstep of the Perth CBD.

The property is located within a short walking distance to West Perth's vibrant Hay Street commercial, café and retail precinct, with fantastic views overlooking the historic Harold
Boas Gardens.

Other features of this fantastic investment are:

• Substantial combined landholding of 918sqm across three separate titles
• Three adjoining 2-storey character terrace houses converted to circa 600sqmof office
accommodation
• Positioned on the main thoroughfare of Wellington Street with a combined 25.39 metre
street frontage
• Flexible "Office/Residential" zoning with potential uses including Multiple Dwelling,
Office, Retail, Healthcare and Special Residential (STCA)
• Significant future redevelopment potential up to 29 metres (STCA)
• Located only approx. 700 metres west of the Perth CBD

Details regarding the holding income include the following:

• One Lessee with two separate leases and one lease that covers two properties
• Total combined yearly income of $183,000 + GST
• Both tenants pay all outgoings of the properties which equal $52,851 + GST pa
• Expiry of both lease full in Jan 2024 with further options available upon request

For more information or a private inspection contact Michael Martino 0417 474 105...