- Two adjoining commercial buildings c Commercial and Restaurant
- Zone Commercial under the City of Perth Town Planning Scheme no. 2
- Short-term redevelopment potential
Knight Frank Australia is pleased to present 829 & 835 Wellington Street, West Perth for sale. These two adjoining properties are to be sold in one line and offer oncoming purchasers the opportunity to undertake an active leasing campaign to turn these properties into high yielding assets with both buildings catering to a diverse range of tenants, or potentially knock down and redevelop whilst collecting holding income during the planning process.
The properties feature exceptional amenity and accessibility being only 200m from the Mitchell Freeway as well bus stops within 100m. Furthermore, the properties are located directly opposite the Watertown Shopping Centre which offers a diverse range of retail/food & beverage outlets, close proximity to the world class RAC Arena and a short distance from the Perth CBD.
Investment Highlights
829 Wellington Street
- Land Area of 359 sqm*
- Improved with two storey commercial building of 480 sqm*
- Partially leased to Collezione Bridal Couture until 31st October 2025 with a net income of $35,000 p.a
- Zoned 'Commercial - C3' under the City of Perth Planning Scheme No. 2
- Current zoning allows for a base plot ratio of 3:1 with bonuses available (STCA)
835 Wellington Street
- Land Area of 359 sqm*
- Improved with single storey building of 242 sqm that is currently fitted out for use as a restaurant c Currently vacant.
- Includes- Air Conditioning units, Rangehood, Grease trap, M/F toilets, Freezer Room etc.
- Zoned 'Commercial-C3' under the City of Perth Planning Scheme No. 2
- Current zoning allows for a base plot ratio of 3:1 with bonuses available (STCA)
For sale via 'Offers to Purchase' campaign closing 6th December 2023 at 2pm (AWST) if not sold prior.
To arrange an inspection or request a copy of the Information Memorandum, please contact the exclusive selling agents Jonathan Wong and Zach Schreier.
Approximate*
Disclaimer: Photos taken may vary at inspection.
