OFF MARKET

40 Mount Street
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 4000m2
Land area: 1985m2
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Property Details for 40 Mount St, West Perth

Building Type
Commercial
Year Built
1970
Floor Size
4000m2
Land Size
1985m2
Local Government
Perth
Lot/Plan
221/P301703

Last Listing description (November 2023)

Auction Wednesday 29 March at 11:00
(if not sold prior)

Rare opportunity to purchase a whole building of 33 apartments located at the bottom of Mount Street next to the popular Mount Street Breakfast Bar.

1,980sqm of land Zoned Residential R160 and part of the P10 West Perth Precinct. The preferred use is Home Occupancy but there are Contemplated Uses such as Dining, Local Retail, Health Care etc.

Built in 1939 this older style building has huge potential to renovate the existing building or demolish it and build a futuristic modern complex. There is the possibility to have a commercial element on the first floor.

Green Titled Property
33 Apartments (not Strata)
1,980sqm of Land
Zoned Residential R160
Sold with Vacant Possession or with Tenants in place
U shaped Building with Central Courtyard
Walking Distance to Perth CBD & Elizabeth Quay Train Station

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Property History for 40 Mount St, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
$7,600,000
25 Mar 2023
  • 25 Mar 2023
    Sold for $7,600,000
  • 01 Mar 2023
    Listed for Sale AUCTION WEDNESDAY 29 MARCH at 11AM

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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 5,816 properties. Over the last 5 years, Houses in West Perth have seen a 39.41% increase in median value, while Units have seen a 40.33% increase. As at 30 November 2024:

  • The median value for Houses in West Perth is $1,051,644 while the median value for Units is $573,831.
  • Houses have a median rent of $640 while Units have a median rent of $675.
There are currently 69 properties listed for sale, and 34 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in West perth.

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