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10-16 Preston Street, Como WA 6152

EOI

Land 8758 m²

Listed: 55 days ago

Updated: yesterday

Overview

This expansive development site at 10-16 Preston Street, Como, WA, offers nearly 8,800 square metres of prime land in a highly amenity-rich neighbourhood, making it a rare opportunity for large-scale projects. The three street frontages provide versatile access and significant street presence, ideal for mixed-use developments seeking prominence and excellent connectivity.

Central to the site is the historic Como Theatre, a cultural and architectural landmark that has been meticulously restored, adding prestige and character to the project potential. This heritage element enriches the site's appeal by combining cultural significance with contemporary development opportunities.

Approved for high-density mixed-use development up to 13 levels, the site supports a variety of uses, including residential apartments, a vibrant entertainment precinct centred on the theatre, a private hospital, and medical facilities. The approval also accommodates high-end retirement living and retail or commercial applications, allowing for a thoughtfully integrated community hub that addresses diverse needs.

Future developments can capitalize on sweeping 360-degree views of the Perth CBD and the Swan River, elevating the desirability for both residential inhabitants and commercial tenants. Such vistas enhance lifestyle experience and provide potential for premium pricing.

Situated in the coveted inner city riverside suburb of Como, this landmark site is positioned for developers aiming to deliver significant urban renewal and mixed-use sophistication, with easy access to local amenities, transport, and recreational options. The combination of scale, strategic approvals, and cultural features make it equally appealing for professional development groups seeking landmark projects.

Local Market Insights

In Perth - South East, Quiet Listings observed 29 new parcels of land entering the market over the last 30 days, down from 81 during the previous 30-day period, with an average advertised asking price of $1,611,897. The property type mix of listed properties is predominantly Houses at 76%, followed by apartments (6%), and land (5%). The most active agency for land in the Perth - South East area is currently Tilt Commercial, representing 48% of new listings, followed by The Agency with 21%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.