SOLD
Sold on 27 Nov 2023 for $1,050,000

2 Hamilton Street
Bayswater WA 6053

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 913m2
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Sold By
Ray White Commercial (WA) Perth
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Property Details for 2 Hamilton St, Bayswater

Building Type
Land
Land Size
913m2
Local Government
Bayswater
Lot/Plan
150/P422396

Last Listing description (February 2024)

Brett Wilkins and Tom Jones of RWC are pleased to present 2 Hamilton Street, Bayswater for sale.

Prime 913 sqm development site located within the Bayswater Town Centre currently leased and operated by the City of Bayswater as a public car park providing the new owner with a holding income.

FEATURING;

- 913sqm of land
- DevelopmentWA redevelopment area
- Preferred land use "Permanent Residential"
- Max build height - 6 Storeys/ 20m
- Setbacks- lower base: 3m from street and rear with nil on sides

LEASE INFORMATION;
- Leased to City of Bayswater
- $25,000pa Net
- Lease expires on 13th August 2024
- Option term of 3 years subject to mutual agreement of lessor and lessee
- There are two previous CPI increases not applied which would result in a Net rent of approximately $28,302pa

LOCATION;
Situated just 7km north-east of Perth's central business district, Bayswater enjoys excellent connectivity to key destinations. Its prime location provides easy access to major arterial roads and a well-connected public transportation network, including train and bus services, ensuring seamless access to education, work, and leisure opportunities in Perth and beyond.

Importantly, the property is in proximity to Bayswater Station which is currently undergoing expansion with completion due late 2023, allowing increased retail opportunity in its surroundings. The increased connectivity allows for transportation to Perth CBD and Perth Airport of 13 minutes and 7 minutes transit times respectively.

Expression of Interest Closing Friday 22nd September 2023 at 4:00pm AWST.

For more information, please contact the Agents:

Brett Wilkins
RWC (WA)
0478 611 168
brett.wilkins@raywhite.com

Tom Jones
RWC (WA)
0478 771 117
tom.jones@raywhite.com

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Property History for 2 Hamilton St, Bayswater, WA 6053

A timeline of how this property has performed in the market
Last Sold
$1,050,000
27 Nov 2023
  • 27 Nov 2023
    Sold for $1,050,000
  • 22 Aug 2023
    Listed for Sale Expressions of Interest
  • 21 Mar 2013
    Listed for Sale $979,000

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About Bayswater 6053

The size of Bayswater is approximately 9.8 square kilometres. It has 40 parks covering nearly 15.1% of total area. The population of Bayswater in 2011 was 13,525 people. By 2016 the population was 14,436 showing a population growth of 6.7% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation. In 2011, 67% of the homes in Bayswater were owner-occupied compared with 67.7% in 2016.

Bayswater has 8,732 properties.

    There are currently 32 properties listed for sale, and 11 properties listed for rent in Bayswater on OnTheHouse. According to CoreLogic's data, 381 properties were sold in the past 12 months in Bayswater.

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