8 Altona StreetWest Perth WA 6005
Property Details for 8 Altona St, West Perth
Last Listing description (October 2023)
The team at Edinger Real Estate are excited to offer "For Sale" an opportunity to secure a rare piece of West Perth real estate. The property is being offered up for the first time in over 25 years.
This well-placed holding is the perfect parcel for those looking to secure a unique piece of West Perth real estate in this ever-evolving suburb. The site is ideal for investors, developers, and landholders, with vacant possession being delivered up at settlement.
The property has been utilized as a medical suite/consultancy practise (with current council approved for 'Medical') and has done so for many years. You are also able to change the use of the property to meet your business model (subject to council approval).
The current configuration consists of numerous meeting rooms, reception area, waiting room, ample storage areas, kitchen facilities, multiple bathrooms, along with an overall functional layout.
KEY FEATURES
Prime location
Zoning West Perth (P10), Office/Residential (Perth Scheme No.2)
Maximum development height of 29m permitted (with no Lot-specific restrictions applicable)
277m2 of lettable area
653m2 of total land area
Rear laneway providing access for vehicles
Up to eight (8) car bays with ample on-street parking
Great investment opportunity to occupy, lease or re-develop
Altona Street offers a variety of business types such as law firms, medical suites, financial & engineering consulting practises, mining companies, geologists and multiple residential apartment complexes.
For any further information, or if you would like to view the property then please contact George Edinger on 0488 030 438, or Jim Edinger on 0477 856 409.
Property History for 8 Altona St, West Perth, WA 6005
- 27 Jan 2024Sold for $2,310,000
- 15 Sep 2023Listed for Sale Low to Mid $2,000,000's
- 07 May 1998Sold for $760,000
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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 5,779 properties. Over the last 5 years, Houses in West Perth have seen a 40.02% increase in median value, while Units have seen a 37.74% increase. As at 31 October 2024:
- The median value for Houses in West Perth is $1,050,180 while the median value for Units is $570,414.
- Houses have a median rent of $650 while Units have a median rent of $650.
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