61 Loftus Street,
Leederville, WA 6007

Sterling Property, as Exclusive Selling Agents, is pleased to offer a unique commercial opportunity at 61 Loftus Street, Leederville, available for sale via Offers Invited closing at 2pm (AWST) on 10th October 2024, unless sold prior.

For the first time in over two decades, this well-positioned freehold property is available on the market, representing an exceptional opportunity for owner-occupiers, investors, or developers to acquire a prominent city fringe commercial building with significant redevelopment potential.

The 1,305sqm* site is situated near the highly visible intersection of Newcastle and Loftus Streets, offering excellent signage opportunities and strategic access to the Perth CBD and surrounding metropolitan areas. The single-level, 549sqm* building is currently utilised as office space and includes 18 on-site parking bays, making it a versatile proposition for potential buyers.

The property provides immediate or future development opportunities with current planning policies allowing up to 6 storeys if developed. Future planning policies provide a maximum 18 and potential 23 storeys under Leederville precinct Structure Plan within Cityscape Sub-Precinct.

Key Highlights Include:
- Land Area: 1,305sqm*
- Single-level freehold with 502sqm* plus 47sqm* store room which includes shower facilities
- Secure, well-maintained commercial building
- 18 on-site car parking bays including 4 secure undercover bays
- Currently approved as office use
- Holding net income of $19,263 per month until 31st December 2024
- Perth CBD, River and Lake Monger views from potential development on upper levels
- Excellent natural light
- 43.08m frontage to Loftus Street provides superb signage opportunities
- Short walk to Leederville Town Centre and Train Station
- Direct access to major arterial roads & buses servicing the Perth CBD and metropolitan surrounds
- Excellent schools, medical, retail amenity, parks and lifestyle within walking distance

Estimated Statutory Outgoings 24/25:
Council Rates: $9,672.80 pa
Land Tax: $27,936.15 pa
Water Rates: $3,750.00 pa

Zoning:
Regional Centre as per City of Vincent's LPS No 2

Current Height Limit:
6 storeys

Future Planning Framework:
Mixed Use R-AC0 per Leederville precinct Structure Plan within Cityscape Sub-Precinct
Refer - https://www.vincent.wa.gov.au/develop-build/future-vincent/future-planning-projects/leederville-masterplan-activity-centre-structure-plan.aspx

Height Limit under future Framework:
Max 18, potential 23 storeys

Sale Process:
Offers Invited Closing 2pm (AWST) 10th October 2024 (unless sold prior)

For further information or to arrange an inspection please contact Exclusive Selling Agents Jack Bradshaw 0439 095 3... or Brian Neo 0411 868 4....