SOLD
Sold on 10 Jan 2024 for $550,000

12 Bowman Street
South Perth WA 6151

Bedrooms: -
Bathrooms: -
Car spaces: 30
Floor area: 168m2
Land area: 597m2
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Property Details for 12 Bowman St, South Perth

Building Type
Commercial
Year Built
1955
Floor Size
168m2
Land Size
597m2
Local Government
South Perth
Lot/Plan
40/P001586

Last Listing description (January 2024)

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

Property History for 12 Bowman St, South Perth, WA 6151

A timeline of how this property has performed in the market
Last Sold
$550,000
10 Jan 2024
  • 10 Jan 2024
    Sold for $550,000
  • 20 Jun 2023
    Listed for Sale Priced for prompt sale
  • 28 Apr 2016
    Sold for $1,037,500
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About South Perth 6151

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 8,607 properties. Over the last 5 years, Houses in South Perth have seen a 58.17% increase in median value, while Units have seen a 49.33% increase. As at 31 October 2024:

  • The median value for Houses in South Perth is $1,707,935 while the median value for Units is $719,884.
  • Houses have a median rent of $965 while Units have a median rent of $650.
There are currently 85 properties listed for sale, and 26 properties listed for rent in South perth on OnTheHouse. According to CoreLogic's data, 513 properties were sold in the past 12 months in South perth.

Suburb Insights for South Perth 6151

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.