SOLD
Sold on 23 Jan 2024 for $1,870,000

142 Colin Street
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 567m2
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Property Details for 142 Colin St, West Perth

Building Type
Commercial
Land Size
567m2
Local Government
Perth
Lot/Plan
101/P040075

Last Listing description (September 2022)

Axia Corporate Property is pleased to present 142 Colin Street, West Perth For Sale by Offers to Purchase.

The arrival of the property to market provides astute investors, developers and owner occupiers alike, with a seldom available opportunity to acquire a freehold asset with outstanding redevelopment potential, situated within the tightly held and highly sought after West Perth commercial precinct.


The offering comprises a landholding of 567sqm* supporting a well presented, two (2) level building of circa 682sqm*, with a modern rendered brick faade featuring ground floor showroom / warehouse space, with an undercroft area and upper level office accommodation.

Key attributes include:

- Significant frontage to Colin Street.
- Benefits from an attractive faade with abundant natural light.
- High level of functionality to accommodate a variety of uses.
- Ample on site parking and surplus street parking to Colin Street.
- Potential bonus plot ratio of 20% available (STCA^) under the City of Perth LPS No. 2
- Scope for redevelopment to further activate the asset.

Located in a prominent position on Colin Street, one of West Perths premier business addresses, the property offers exceptional level of exposure, accessibility and amenity.

Situated within 700m of the Perth CBD (approx.).

- Only 600m away from the Mitchell & Kwinana Freeway access ad egress (approx.).
- Within 100m of two public open spaces, including the stunning Harold Boas Gardens (approx.).
- Well serviced by public transport including several central area transport (CAT) bus stops, providing free transport and only 200m away from the City West train station (approx.).

In proximity to numerous Cafes, Restaurants, Bars, Hotels, Retail and Entertainment offerings including the Watertown Brand Outlet Centre and RAC Arena.

The prevailing flexible zoning of office / residential P10 under the City of Perth Local Planning Scheme No. 2 provides for outstanding future redevelopment potential.

NB. All proponents are advised to make their own enquiries with relevant authorities.

Statutory and Insurance Outgoings for 2020/2021:
- Land Tax - $7,187.70
- Water Rates - $4,066.08.
- Council Rates - $5,798.75.
- Building Insurance - $2,285.33.

Opportunities of this caliber are rarely afforded and investors, developers and owner occupiers alike, seeking to capitalise on this offering, should act quickly to avoid disappointment.

For further information please contact Exclusive Selling Agents Wayne Mitsikas on 0413 599 655 or Franco Gangemi on 0418 930 504.

*approx.
^ Subject to Council Approval

Property History for 142 Colin St, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
$1,870,000
23 Jan 2024
  • 23 Jan 2024
    Sold for $1,870,000
  • 06 Apr 2021
    Listed for Sale Offers to Purchase
  • 30 Jun 2003
    Sold for $597,300

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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2011 was 5,167 people. By 2016 the population was 5,618 showing a population growth of 8.7% in the area during that time. The predominant age group in West Perth is 20-29 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation. In 2011, 34.7% of the homes in West Perth were owner-occupied compared with 33% in 2016.

West Perth has 5,890 properties.

    There are currently 65 properties listed for sale, and 52 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 332 properties were sold in the past 12 months in West perth.

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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.