28 Clive Street, West Perth WA 6005

WHAT AN OPPORTUNITY!

This prime rare earth has significant development potential and a premium location sitting on the outskirts of the Perth CBD.

Tightly held and well located set back on a slip road in the heart of West Perth on 368sqm with Office/Residential zoning.

The existing single level character building is in good condition, currently used as an office with off-street parking.

Ripe for development this opportunity is truly unique and presents the astute buyer with the following options:
- Lease the current property out as is while you determine the best way to maximize the redevelopment potential
- Renovate the residence and hold for the future
- Live in or use as an office
- Redevelop with multiple options available within the following guidelines (according to the City of Perth);
Under the City Planning Scheme No.2 (CPS2), The scheme use for this site is "Office Residential" and is situated within the West Perth Precinct (P10)
The plot ratio for the site is 2.0: 1.0 for residential and special residential development and 1.33: 1.0 for all other types of development.
The site may apply for the transfer of plot ratio up to a maximum of 20% on the above stated maximum plot ratios. (Please read the City of Perth Planning Policy 4.5.2 - Transfer Plot Ratio for further information on the process).
(All development potential is Subject to approvals from the relevant authorities).

Lot 100 Diagram 70147 Volume 1738/609 368m2 28 Clive Street, West Perth

To be SOLD "as is and where is" with vacant possession.
APPROXIMATE OUTGOINGS:
Water Rates: 28 Clive Street: $1,467.42 p/annum
Council Rates: 28 Clive Street: $3,765.70 p/annum

* Chattels depicted or described are not included in the sale unless specified in the Offer and Acceptance. Any development potential is subject to approvals from the relevant authorities. Plus GST is applicable to the sale price of 28 Clive Street.