RARE FIND - PRIME EXPOSURE INVESTMENT
Land size : 800 sqm (approx.)
Building size : 400 sqm (approx.)
Mixed use zoning R100 Commercial/Residential development.
Potential 6 Storey Development
A very unique opportunity to acquire a commercial property with many options offered to the astute Investor.
This seasoned property is ripe for refurbishment if you have the vision for restoration or you may be looking to occupy and operate your business in this prime location with a high exposure building on active Lord Street, directly opposite PERTH OVAL - HBF PARK (EX NIB Stadium) and just before the Bulwer Street traffic lights.
With today's low interest rates available, you will find interest cost to buy is much lower than leasing rates....
The property also features a current rear access and parking entered from Murchison Terrace.
The options are expansive for the Developer who may be interested with vision for a mixed use development opportunity, as the property falls under the City of Vincent, Local Planning Scheme No 2. (You will find the residential codes on page 55 on the City of Vincent Built Form Policy Volume 7.1.1 - Volume 2 - Section 4)
Alternatively a Developer will also have the choice of redeveloping as a full commercial /shops/showroom and higher floor office with a Penthouse on the top floor.
OR just keeping to a complete residential development over 6 levels.
Call Albert Fontana on 0418 952 647 for further information.
Property ID: #L22038773
