231-233 Bulwer Street
Perth, WA 6000

Overview

PRIME CITY FRINGE LOCATION & INVESTMENT!

This commercial property at 231-233 Bulwer Street, Perth, presents a prime city fringe location and a unique investment opportunity with development potential. Situated on approximately 948 square meters of land at the corner of Bulwer and Lake Streets, it offers excellent proximity to the Perth CBD, being just 1.25 kilometers away, and is within walking distance to Northbridge with easy access to public transport routes.

The property is a two-level freehold asset, fully leased with three separate tenancies, making it an attractive prospect for astute investors. The building currently accommodates offices, a gym, and sports medicine physiotherapy outlets, each tenancy featuring high-quality fit-outs, superb furnishings, staff amenities, and air conditioning.

Additionally, the property includes a rear warehouse/storage area suitable for bulky goods, accessible via a rear roller door, providing potential for additional lettable space.

Key property details include two certificates of title: Lot 100 on Diagram 74591 Volume 1821 Folio 370 and Lot 16 on Plan 2095 Volume 1378 Folio 590. The site area is approximately 948 square meters, with a Bulwer Street frontage of about 25.97 meters and a Lake Street frontage of approximately 36.49 meters.

Parking facilities include up to 11 on-site car bays and bicycle parking racks at the rear, complemented by ample public parking spaces adjacent to the building and surrounding streets.

The zoning is Residential R50 as per the City of Vincent, with the current land use designated for offices and consulting rooms. The standard building height is two storeys, with the possibility of submitting proposals for non-standard building heights for special consideration. The plot ratio is R50, and the property will be assessed against the Residential Design Code Volume 1, Part C of the R Codes, subject to council approval.

There is an adjoining residential property at 235 Bulwer Street, also on the market, offering an opportunity for investors or developers to acquire both properties for a larger plot size development project in the future.

The method of sale is private treaty through expressions of interest, providing flexibility for potential buyers.

Disclaimer: All information regarding zoning, block sizes, and dimensions is provided for general information purposes and may be subject to change. Prospective buyers are advised to conduct their own due diligence to verify the accuracy of the information provided.

Location