51 Forrest StreetSubiaco WA 6008
Property Details for 51 Forrest St, Subiaco
51 Forrest St, Subiaco is a 3 bedroom, 1 bathroom House with 10 parking spaces and was built in 1934. The property has a land size of 503m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 3 bedroom House sold in Subiaco in the last 12 months.
Last Listing description (January 2024)
Developers delight! Welcome to 51 Forrest Street, Subiaco, a prime building site in central Subiaco, with an approved Development Application by Doepel Marsh Architects for a seven storey, mixed-use building of five large residential dwellings and one commercial (office) tenancy. It also provides a wonderful opportunity to use the site to build your dream new office building in a great location.
The land area is 503sqm with a frontage of 13.48 metres. The land is zoned Town Centre Type B (R-AC0) which allows for multiple uses. Full details of the approved uses of this zoning can be found in the Subiaco Activity Centre Plan on the City of Subiaco website, or at this link:
https://www.subiaco.wa.gov.au/subiacowebsite/media/media/Planning/Activity%20Centre,%20Structure%20and%20Local%20Devlmt.%20Plans/Subiaco-Activity-Centre-Plan-final-high.pdf .
There is also an information pack available relating to the approved development for any prospective buyer that includes the DA approval documentation, marketing plans, and perspective images. Details can be sent to you at your request. There is an easement along the eastern boundary and a copy of this can also be sent.
The existing dwelling is an old cottage that can be leased as commercial, but is currently leased residentially for $2,145 / month. The 154sqm building comprises five rooms, a kitchenette, two toilets plus a separate detached office at the rear. There is currently onsite parking for ten cars. The lease is currently periodic (month-to-month).
If you have been looking for a development site in the heart of Subiaco, then this is your opportunity.
Please contact Michael Hoad or Edward Hall for more information.
RATES:
City of Subiaco - $5,300.24 / PA
Water Corp - $2,070.33 /PA (approx.)
Property History for 51 Forrest St, Subiaco, WA 6008
- 07 Sep 2023Sold for $1,200,000
- 14 Nov 2022Listed for Sale UNDER OFFER!
- 14 Dec 2016Sold for $1,035,000
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About Subiaco 6008
The size of Subiaco is approximately 3.1 square kilometres. It has 12 parks covering nearly 5% of total area. The population of Subiaco in 2011 was 8,015 people. By 2016 the population was 9,188 showing a population growth of 14.6% in the area during that time. The predominant age group in Subiaco is 30-39 years. Households in Subiaco are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Subiaco work in a professional occupation. In 2011, 50.9% of the homes in Subiaco were owner-occupied compared with 52.4% in 2016.
Subiaco has 7,080 properties.
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