Developers delight! Welcome to 51 Forrest Street, Subiaco, a prime building site in central Subiaco, with an approved Development Application by Doepel Marsh Architects for a seven storey, mixed-use building of five large residential dwellings and one commercial (office) tenancy. It also provides a wonderful opportunity to use the site to build your dream new office building in a great location.

The land area is 503sqm with a frontage of 13.48 metres. The land is zoned Town Centre Type B (R-AC0) which allows for multiple uses. Full details of the approved uses of this zoning can be found in the Subiaco Activity Centre Plan on the City of Subiaco website, or at this link:

https://www.subiaco.wa.gov.au/subiacowebsite/media/media/Planning/Activity%20Centre,%20Structure%20and%20Local%20Devlmt.%20Plans/Subiaco-Activity-Centre-Plan-final-high.pdf .

There is also an information pack available relating to the approved development for any prospective buyer that includes the DA approval documentation, marketing plans, and perspective images. Details can be sent to you at your request. There is an easement along the eastern boundary and a copy of this can also be sent.

The existing dwelling is an old cottage that can be leased as commercial, but is currently leased residentially for $2,145 / month. The 154sqm building comprises five rooms, a kitchenette, two toilets plus a separate detached office at the rear. There is currently onsite parking for ten cars. The lease is currently periodic (month-to-month). Please note, GST applies to this sale (Going Concern).

If you have been looking for a development site in the heart of Subiaco, then this is your opportunity.

Please contact Michael Hoad or Edward Hall for more information.

RATES:
City of Subiaco - $5,300.24 / PA
Water Corp - $2,070.33 /PA (approx.)