1 Prospect Street

Claremont WA 6010

This entire apartment complex and associated landholding in the heart of Claremont is offered to the market as a single entity for the first time in more than four decades. Located midway between the Claremont and Cottesloe retail and dining precincts, this property is currently home to three well maintained and appointed, generously sized character apartments.Built in the 1930s, the apartments are reflective of the aesthetic of their era with high ceilings, art deco finishes, generously sized rooms and a spacious and versatile floor plan.The property boasts two identical two bedroom, one bathroom apartments - one on the upper level the other located at ground level and a third two bedroom apartment set across both levels with accommodation upstairs and living, kitchen and dining space downstairs.Solidly built and well maintained with renovated kitchens, the apartments reflect the character of the era in which they were built but have been modernized and immaculately maintained to provide comfortable, contemporary living spaces. The property is fully tenanted by long term tenants and provides a regular, stable income for the current property owner who also chooses to reside in the lower level apartment. The landholding boasts both a well maintained, mature front garden and rear paved entertaining space that spans the entire block with the addition of secure off street parking for four to five cars.Located at the base of a quiet, sought after cul-de-sac within minutes of the Swanbourne and Cottesloe villages, public transport, the river and Cottesloe beach, this is a premium location offering significant investment potential and a range of options. Its investment value lies in its versatility and the options available for the ultimate purchaser. View the 928sqm site for its significant development potential, live comfortably on site and derive a generous income from the secured tenancies or purchase as a unique offering of three character apartments in a premium, residential location. Properties of this kind are a rarity in the current environment, offered as a single entity on a purple title but with the option of development to meet the demands of the market. The block's location and footprint would lend itself well to the development of adjacent upmarket contemporary homes, set within minutes of a range of leading public and private schools, an easy commute to the CBD and within easy reach of a range of public transport options.A rare offering in the current market and an offering that presents a range of attractive options for the ultimate purchaser. Features: o Single landholding located midway between Claremont and Cottesloeo Boasting three spacious two-bedroom, one bathroom character apartmentso Spacious gardens and entertaining areas front and backo Secure off-street parking for 4-5 carso Set on a spacious 928sqm blocko Premium location within minutes from the beach, river, schools and collegeso Fully tenanted generating a secure investment income o Development potential