FOR SALE
EOI closing Thu 5 Dec 2024 at 2pm (AWST)

10-40 Bay View Terrace
Claremont WA 6010

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3427m2
Land area: 3250m2
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Western suburb's biggest opportunity

RWC WA is delighted to present 10 - 40 Bay View Terrace, Claremont for sale by Expressions of Interest, closing Thu 5 Dec 2024 at 2pm AWST.
10-40 Bayview Terrace, Claremont represents a generational opportunity to develop a truly unique mixed-use development in the centre of Perth's Western Suburbs.
Key features:
• Located in the heart of Perth's prestigious Western Suburbs comprises nine properties on one of Perth's most prominent high street locations
• Largest land holding in the Claremont Town Centre
• Uniquely, Bay View Terrace offers connectivity to train line and Swan River
• Total NLA 3,427sqm, street frontage of 60m* on a 3,250sqm* site
• Tenants kept on short lease terms to facilitate development but with opportunity to execute medium term deals and achieve a fully leased annual income in excess of $3 million
• Approved DA for a mixed-use development including a 30-room small luxury hotel, club room with ocean and river views and 46 residential apartments in addition to complementary retail and commercial spaces
• Excellent connectivity to Perth CBD, Fremantle and Swan River Opportunity to deliver a landmark multifaceted development at a pivotal point in the property cycle.
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Property Details for 10-40 Bay View Tce, Claremont

Building Type
Commercial
Floor Size
3427m2
Land Size
3250m2

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About Claremont 6010

The size of Claremont is approximately 4 square kilometres. It has 18 parks covering nearly 25% of total area. The population of Claremont in 2011 was 7,592 people. By 2016 the population was 8,157 showing a population growth of 7.4% in the area during that time. The predominant age group in Claremont is 20-29 years. Households in Claremont are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Claremont work in a professional occupation. In 2011, 62.7% of the homes in Claremont were owner-occupied compared with 63.4% in 2016.

Claremont has 5,372 properties. Over the last 5 years, Houses in Claremont have seen a 51.52% increase in median value, while Units have seen a 63.58% increase. As at 31 October 2024:

  • The median value for Houses in Claremont is $2,063,207 while the median value for Units is $921,092.
  • Houses have a median rent of $1,298 while Units have a median rent of $750.
There are currently 40 properties listed for sale, and 15 properties listed for rent in Claremont on OnTheHouse. According to CoreLogic's data, 249 properties were sold in the past 12 months in Claremont.

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Brett Wilkins
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Andrew Woodley-Page
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RWC WA
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