"The campaign attracted strong interest from both investors and owner-occupiers, ultimately being secured by a local private buyer," Mr Harrison said.
"The partially leased site offers a unique opportunity for the purchaser to benefit from immediate holding income while occupying or repositioning the balance of the building."
Set on a 774m²* site with 668.1m²* of net lettable area across two levels, the building includes 13 on-site car bays and has significant development potential, with a six-storey height limit, flexible zoning, and laneway access.
“This property ticked all the boxes for buyers, part-leased for income, part-vacant for immediate occupation or future leasing, and development potential that can’t be overlooked,” said Mr Harrison.
“It’s ideal for a wide range of uses, including office, showroom, medical, or hospitality, and offers the rare flexibility that many buyers are seeking in today’s market.”
RWC WA brought the property to market with a listed price of $2,450,000, and after generating substantial buyer interest, the asset was sold on market to a local investor seeking long-term potential and strategic positioning.
“The market in this inner-city fringe location remains resilient,” Mr Harrison said. “Demand is driven by proximity to the CBD, strong transport links, and the growing appeal of mixed-use development opportunities.”
