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SOLD

32 - 34 Ord Street West Perth, WA 6005

Properties / Sold / Western Australia / West Perth

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office

Land Area

1,012 m² (*approx)

Selling Method

Contact Agent:

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2. Property Highlights

GREEN TITLED CHANCE TO OCCUPY WITH FUTURE DEVELOPMENT UPSIDE

GREEN TITLED
TWO BUILDINGS - ONCE LEASED WITH INCOME
DEVELOPMENT UPSIDE

Rare opportunity to buy two properties side by side making up 1012m2 Land area with two existing quality buildings on two separate titles.

Perfect opportunity for a business that needs 200m2 to occupy - office or consulting, but have the fore-sight to take advantage of the current market and low land prices and develop in the future, while benefiting from an income on the site. The site has a previous development approval for 40 Units over 9 levels.

Current Improvments:

200m2* - single level office/consulting building to be sold vacant possession, comes with 10 marked carbays.
325m2* - 3 level building to be sold with lease in place with an annual net income of $93,636.36 approx, including 9 marked carbays.

The Seller will also consider selling each title seperately

32 Ord Street - Land Area: 321m2 Building: 325m2* - Lease expiring on 23/04/2020 - $93,636.36pa Net
34 Ord Street - Land Area: 691m2, Building: 200m2* - Vacant

* Areas are approx as surveys have not been completed.

Well located on the northern side of Ord Street situated between Outram and Colin Streets. Easy access to Public Transport with Red CAT bus stops on Ord Street. City West Railway Station is also within easy walking distance.Amenity is provided at Hay Street Café and Restaurant precinct in addition to multiple cafés and restaurants scattered throughout West Perth.

Call Adam now to inspect.

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