A significant development site of approx. 3,577sqm over 5 titles in South Perth is on the market through Ray White Commercial (WA) marketing agents Brett Wilkins and Michael Milne. 

The site is owned by a local private investor and is expected to sell for over $20 million.

Located at 14-24 Hardy Street, the property provides an attractive opportunity for large scale developers, with a highly desirable South Perth location and a substantial land area. 

The City of South Perth have amended their planning scheme for the purpose of rezoning the area, which allows for 50,939sqm of Gross Building Area and a plot ratio of 9.8:1.

Source: Ray White Commercial (WA)

This plot ratio allows for 42 levels and would offer 360⁰ views overlooking Perth City Skyline, Swan River, Coastline and Rottnest Island.

Speaking to COMMO, Brett Wilkins said the market in South Perth is hot, with a lot of large scale developments currently being worked on in the area.

The 5 freestanding buildings are all currently tenanted, providing holding income from a variety of tenants.

To request a copy of the Information Memorandum please email either of the Ray White Commercial (WA) marketing agents Brett Wilkins or Michael Milne via the contact form below.

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