Sold
Investment/Redevelopment Opportunity
35-37 Ardross Street, Applecross WA 6153
Last Asking Price - $7,000,000-$12,000,000
RetailSize: n/a
Block size: 2024 m² approx.
Knight Frank and Mack Hall are proud to present a rare and unique investment or future redevelopment opportunity located at 35-37 Ardross Street, Applecross. For Sale by Offers to Purchase closing 3:00pm (WST) Wednesday, 11 October 2023 (unless sold prior).
Located on Ardross Street, which intersects with Canning Highway and Kintail Road, approximately 10 km south of the Perth CBD. Both adjoining properties are located within the very popular café and retail strip known as "Applecross Village".
Two individually titled sites of 1,012 sqm* with a combined land area of 2,024 sqm* with 40.2 m* frontage to Ardross Street. Both sites have frontage to the rear lane known as Buckley Lane, which is an added benefit for future redevelopment to utilise the full frontage to Ardross Street with the parking access from the rear lane.
Whilst the property currently has sound holding income there is future potential to develop the site up to 13 meters or 4 levels approximately. Buyers should make their own determination if they believe this height could be exceeded subject to normal planning guidelines under the local scheme or through other planning bodies.
35 ARDROSS STREET- Two level building of brick and tile construction comprising 6 tenancies. The top level is occupied by 7 Spices Indian Restaurant having a NLA of 345.7sqm* with the balance of 5 tenancies of 332.9 sqm* at ground level. Total NLA of 678.6 sqm*.
37 ARDROSS STREET- Single level building of brick construction with metal roof, comprising 4 tenancies. Total building NLA of 336.8 sqm*. Adjoining is The Good Grocer IGA car park which provides good exposure to the tenancies within 37 Ardross Street.
Multiple tenancy mix, combining retail, office and restaurant occupiers provide a solid holding income of approximately $369,689 pa*
The combined land parcel is the largest potential development site with this tightly held Applecross Village precinct which is surrounded by quality high end residential homes and apartments. Highly recommended long term investment/development play.
For more information please contact the exclusive agents:
Adrian Holler
0416 124 514
Tony Delich
0418 926 410
*Approximately
Located on Ardross Street, which intersects with Canning Highway and Kintail Road, approximately 10 km south of the Perth CBD. Both adjoining properties are located within the very popular café and retail strip known as "Applecross Village".
Two individually titled sites of 1,012 sqm* with a combined land area of 2,024 sqm* with 40.2 m* frontage to Ardross Street. Both sites have frontage to the rear lane known as Buckley Lane, which is an added benefit for future redevelopment to utilise the full frontage to Ardross Street with the parking access from the rear lane.
Whilst the property currently has sound holding income there is future potential to develop the site up to 13 meters or 4 levels approximately. Buyers should make their own determination if they believe this height could be exceeded subject to normal planning guidelines under the local scheme or through other planning bodies.
35 ARDROSS STREET- Two level building of brick and tile construction comprising 6 tenancies. The top level is occupied by 7 Spices Indian Restaurant having a NLA of 345.7sqm* with the balance of 5 tenancies of 332.9 sqm* at ground level. Total NLA of 678.6 sqm*.
37 ARDROSS STREET- Single level building of brick construction with metal roof, comprising 4 tenancies. Total building NLA of 336.8 sqm*. Adjoining is The Good Grocer IGA car park which provides good exposure to the tenancies within 37 Ardross Street.
Multiple tenancy mix, combining retail, office and restaurant occupiers provide a solid holding income of approximately $369,689 pa*
The combined land parcel is the largest potential development site with this tightly held Applecross Village precinct which is surrounded by quality high end residential homes and apartments. Highly recommended long term investment/development play.
For more information please contact the exclusive agents:
Adrian Holler
0416 124 514
Tony Delich
0418 926 410
*Approximately
Inspections
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Key details
Property type:
Retail
Block Size:
2024 m²*
Other Details
Lot:
663
Legal description:
P001751/663
Maps and area information
Block information
Block size: 2024m² (approx)
Legal description: P001751/663
Measurements are estimates only and based on data provided under licence from
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
05 Mar 2024
Sold
Knight Frank - Perth
Listed: 20/09/2023
Block size: 2024m²
Transfer type: Full transfer
Applecross suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
46 years
Population
7,228
Listing ID: 181940941. This listing has been viewed 3 times. It was first displayed on 20/09/2023 and last updated on 05/03/2024.
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.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.