912sqm* High Density Mixed Use Development Site - comes with 886sqm* warehouse area

Ray White Commercial WA presents 51-55 Wittenoom Street, East Perth for sale as an urban infill redevelopment site with high density capacity.

The property parcel is realistically priced for prompt sale (Price upon Application).

The combined property parcel is exceptionally positioned between the desirable Royal Street / Claisebrook Cove café precinct and the broad expanse parklands of Wellington Square.

The land comprises 3 adjacent freehold titled lots with two adjoining functional warehouses of 552sqm* and 334sqm* that are ideal for occupation until redevelopment. The larger warehouse is currently occupied on a monthly lease and generates a holding income of $4,000pcm gross.

The combined land area of 912sqm* is zoned 'Residential / Commercial' and has a plot ratio 3:1 (plus potential bonuses), although the potential for larger sale development with increased height (<16 storeys) and higher plot ratio is provided for with a new City of Perth draft Local Planning Scheme.

(*approximately)

For further information or to arrange an inspection please contact the Agents:

Michael Milne
Ray White Commercial (WA)
M: 0403 466 603
E: michael.milne@raywhite.com

Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 777
E: stephen.harrison@raywhite.com

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