Ray White Commercial WA is delighted to present for sale two adjoining properties within the exclusive South Perth.
10 & 12 Bowman Street, South Perth are offered for sale in one line combined. The combined land area of these two adjoining titles is is 1,194sqm*.
Buyers are able to occupy the existing character offices, or retain the existing short term tenancies. The existing offices are are partially leased generating a holding income.
The land is capable of high-rise 'tower' development options with breathtaking views of Swan River, Perth City Skyline, Kings Park, Fremantle and across to Rottnest under the new zoning 'CENTRE' (R-AC0) zoning.
SUMMARY
- 2 contiguous freehold titles
- 1,194sqm* combined land area
- Existing offices partially leased (short leases)
- Zoned 'Centre' (R-AC0)
- 9.8 Plot Ratio potential (STCA)
- 27+ storeys or greater (STCA)
- Mixed Use - retail, commercial, medical, exclusive residential
- Occupy or invest until redevelopment
Very realistically priced!
Please contact Michael Milne or Brett Wilkins for further details:
Michael Milne
M: 0403 466 603
E: michael.milne@raywhite.com
Brett Wilkins
M: 0478 611 168
E: brett.wilkins@raywhite.com
*approximate
The size of South Perth is approximately 5.2 square kilometres. It has 20 parks covering nearly 28.6% of total area. The population of South Perth in 2011 was 11,990 people. By 2016 the population was 12,060 showing a population growth of 0.6% in the area during that time. The predominant age group in South Perth is 20-29 years. Households in South Perth are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Perth work in a professional occupation. In 2011, 51.5% of the homes in South Perth were owner-occupied compared with 54% in 2016.
South Perth has 8,665 properties.
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