Prominent fringe CBD commercial building
11 East Parade, East Perth WA 6004
Expressions of Interest closing 9 May 2024
OfficeSize: n/a
Block size: 1184 m² approx.
RWC WA is please to offer for sale via Expressions of Interest 11 East Parade, East Perth.
This two-level commercial building occupies a commanding position on Perth CBD fringe, situated at the intersection of Kensington Street and East Parade. The location benefits from exceptional exposure and is only 300 metres from the Graham Farmer Freeway providing direct access to major arterial roads servicing the whole of the Perth Metropolitan area. The location is well serviced with a eclectic mix of cafes and restaurants nearby, in addition to HBF and Optus Stadium and is in close proximity to public transport services.
The opportunity:
• Two level freehold commercial building
• Building area of 953.2sqm* comprising of 442.2sqm* to the ground level and 511sqm* to level one
• Land area: 1,183sqm*
• 16 open car bays
• Dual frontage with prominent exposure to Kensington and East Parade
• Good quality improvements providing flexibility for a variety of uses
• Short-term holding income of approximately $150,000p.a with ability for further upside
• Ability to owner occupy part or whole of the premise in the short term
• Zoning allows development of 2:1 (2,366sqm*) over 4 levels
• Opportunity to reposition the asset and/or improve income stream for the medium term
Sale process: Expressions of Interest closing Thursday 9 May 2024 at 4pm (AWST).
For further information or to arrange an inspection please contact:
Luke Pavlos
RWC WA
M: 0408 823 823
E: luke.pavlos@raywhite.com
Brett Wilkins
RWC WA
M: 0478 611 168
E: brett.wilkins@raywhite.com
*Approximately
This two-level commercial building occupies a commanding position on Perth CBD fringe, situated at the intersection of Kensington Street and East Parade. The location benefits from exceptional exposure and is only 300 metres from the Graham Farmer Freeway providing direct access to major arterial roads servicing the whole of the Perth Metropolitan area. The location is well serviced with a eclectic mix of cafes and restaurants nearby, in addition to HBF and Optus Stadium and is in close proximity to public transport services.
The opportunity:
• Two level freehold commercial building
• Building area of 953.2sqm* comprising of 442.2sqm* to the ground level and 511sqm* to level one
• Land area: 1,183sqm*
• 16 open car bays
• Dual frontage with prominent exposure to Kensington and East Parade
• Good quality improvements providing flexibility for a variety of uses
• Short-term holding income of approximately $150,000p.a with ability for further upside
• Ability to owner occupy part or whole of the premise in the short term
• Zoning allows development of 2:1 (2,366sqm*) over 4 levels
• Opportunity to reposition the asset and/or improve income stream for the medium term
Sale process: Expressions of Interest closing Thursday 9 May 2024 at 4pm (AWST).
For further information or to arrange an inspection please contact:
Luke Pavlos
RWC WA
M: 0408 823 823
E: luke.pavlos@raywhite.com
Brett Wilkins
RWC WA
M: 0478 611 168
E: brett.wilkins@raywhite.com
*Approximately
Inspections
No open inspections scheduled.
Send an enquiry
Contact Luke Pavlos to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
16
Property type:
Office
Block Size:
1184 m²*
Other Details
Lot:
800
Legal description:
P033666/800
Maps and area information
Block information
Block size: 1184m² (approx)
Legal description: P033666/800
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
36 years
Population
11,681
Listing ID: 182431879. This listing has been viewed 0 times. It was first displayed on 08/04/2024 and last updated on 08/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
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