FOR SALE
UNDER OFFER

134 Charles Street
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: 13
Floor area: 729m2
Land area: 1462m2
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Green Title leased investment opportunity with BIG development potential in prime West Perth!

Presenting a unique commercial investment and future development opportunity (STCA) on the highly sought-after corner of Charles and Carr Streets in West Perth. This property spans a generous 1,462 sqm of green-title land, making it an exceptional find for investors and developers looking for a solid, income-generating asset with space and development potential. With annual CPI rent adjustments, it currently returns $207,500 + Outgoings + GST per annum from the two secure tenancies, with the current leases expiring in late 2028 (with options for a further term).
Key Features:
- Two established and fitted commercial tenancies are currently in place, offering immediate rental income. Both tenants are long-term with fixed leases until late 2028, plus options for a further term.
- High-exposure location on a prominent corner, ideal for businesses looking to attract significant foot and vehicle traffic
- Large land area provides future development potential or expansion options
- 13 dedicated car bays
- PLOT RATIO 1.0 MEDIUM DENSITY (Height restriction 3 levels)
- Zoning: Mixed use R80 (STCA)
Situated in the thriving West Perth precinct, with easy access to key transport links and the CBD. This is an unparalleled opportunity to secure a leased investment in a strategic location with ongoing income and potential for future growth.
Don't miss out on this premium commercial asset!
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Property Details for 134 Charles St, West Perth

Building Type
Commercial
Floor Size
729m2
Land Size
1462m2

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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2011 was 5,167 people. By 2016 the population was 5,618 showing a population growth of 8.7% in the area during that time. The predominant age group in West Perth is 20-29 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation. In 2011, 34.7% of the homes in West Perth were owner-occupied compared with 33% in 2016.

West Perth has 5,816 properties. Over the last 5 years, Houses in West Perth have seen a 39.41% increase in median value, while Units have seen a 40.33% increase. As at 30 November 2024:

  • The median value for Houses in West Perth is $1,051,644 while the median value for Units is $573,831.
  • Houses have a median rent of $640 while Units have a median rent of $675.
There are currently 69 properties listed for sale, and 34 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in West perth.

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