Now Selling

52 Lord Street, East Perth

DEVELOP/LAND BANK/INVESTMENT - IT’S GOT IT ALL

Lease Equity is proud to offer For Sale via Expressions of Interest - 52 Lord Street, East Perth.

This prominent East Perth landholding is located on the corner of Lord, Royal and Wittenoom Streets on the north eastern edge of the Perth Central Business District.

THE OPPORTUNITY
• Landbank with significant holding income
• Substantial fringe CBD development site 4,882sqm
• Prominent exposure with 4 street frontages
• Combined passing income of $708,564.39 per annum
(approx.)
• ASX Listed (Officeworks Pty Ltd) and NYSE Listed
(Continential Tyre Pty Ltd subsidiary, Tyre and Auto Pty Ltd
- “My Car”) agent
• Redevelopment clauses in all leases
• Strategically located in close proximity to CBD, Royal Perth Hospital which is proposed to undergo substantial redevelopment in addition to education establishments, major highways and public transport networks
• Favourable “Precinct 4 - Silver City” zoning providing flexibility with development use, density and tenancy mix
• Opportunity to redevelop up to 214 apartments or 12,205sqm of floor space at 2.5:10 plot ratio (subject to council approval)
• Owner occupy part from February 2020 and derive an income; or
• Value-add through repositioning, new lettings and lease structures

Expression of Interest close 4pm(AWST) Thursday 8th of October 2020.

Contact Lease Equity today on 08 9426 1777 for further information or to arrange an inspection.

Property Highlights

  • Significant holding income
  • Fringe CBD development site
  • Close proximity to CBD
Enquire Now
  • 2526sqm - 4882sqm
  • Contact Agent
  • Retail, Land/Development

Interested in this Property?

Luke Pavlos

Director – Capital Markets
Emaillukep@lease-equity.com.auCall0420 880 880

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