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LJ Hooker Commercial - Perth
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24 Leura Street Nedlands, WA 6009

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24 Leura Street
Nedlands, WA 6009

Development Sites & Land • Offices • Medical & Consulting
Sold Price

$3,300,000

Land area

953.0m²

Floor area

505.0m²

Car spaces

22

Parking info

22 on-site car bays

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

04 Nov 2019

Prime Commercial Building in Medical / University Precinct - First Time Offered in over 45 Years

  • Occupy / Invest / Redevelop
  • Development Potential - Mixed Use
  • Holding Income - Only Partially Leased
LJ Hooker Commercial Perth as Exclusive Selling Agents are delighted to introduce the sale of 24 Leura Street, Nedlands, via Offers Invited closing Thursday 3rd October 2pm (WST) 2019, unless sold prior.

Offered for the first time in over 45 years, 24 Leura Street is a boutique freehold commercial building, recently rezoned to allow for mixed use development up to 6 storeys (STCA). A prime corner site, placed in a popular City Fringe location, the property is a suitable prospect for owner occupiers, commercial investors and commercial / residential developers.

The Opportunity:
An appealing, partially leased, two storey commercial freehold building split into 8 suites with currently only 5 suites occupied. The offering will enable an astute Buyer flexibility to accommodate either their own requirements or those of the intended occupier. Positioned on 953sqm* of land with 3 street frontages, the 505sqm* building is currently occupied as offices / consulting rooms and enjoys 22 on-site car parking bays.

Key Highlights Include:
- Land Area: 953sqm*
- Two level freehold with NLA of 505sqm*
- Secure, well-maintained commercial building
- 22 on-site car parking bays
- Rezoned to 'Mixed Use' R-AC 3 under TPS3 by the City of Nedlands
- Flexible uses including Medical / Office / Retail / F&B / Residential (STCA)
- Holding income
- Significant redevelopment upside up to 6 storeys (STCA)
- Perth CBD, Kings Park and Swan River views from potential development on upper levels
- Corner location with 3 street frontages
- Bathing in natural light from all aspects
- Direct access to major arterial roads & buses servicing the Perth CBD and metropolitan surrounds
- Excellent schools, medical, retail amenity, parks and lifestyle within walking distance

Location:
24 Leura Street is located on the corner of Leura Street and Karella Street which is adjacent and just footsteps from the popular Hampden Road. The property is located within walking distance to the New Children’s Hospital, Sir Charles Gairdner Hospital, Hollywood Medical Centre and the University of Western Australia. Hampden Road offers a wide range of retail amenities and excellent lifestyle elements including cafes, banks, bottle shops, supermarkets, restaurants, medical facilities and pharmacies.

Zoning:
The Western Australian Planning Commission has endorsed and the City of Nedlands Town Planning Scheme #3 (TPS) has been Gazetted which allows an exciting opportunity to capitalise on the revised zoning in Nedlands. The City of Nedlands advises the property is zoned 'Mixed Use’ R-AC3.

Plot Ratio:
2.0:1.0 plus potential bonuses.

Height Limit:
Maximum building height of 21 metres (6 storeys) approx.

For access to the Information Memorandum, to book your inspection time or to simply discuss in more detail please feel free to email or call the Exclusive Selling Agents Jack Bradshaw (0439 095 336) and Brian Neo (0411 868 486).

* Approximate
(STCA) Subject to Council Approval

Property ID: 503307094Last Updated: 18 Nov 2019

LJ Hooker Commercial - Perth
24 Leura Street
Nedlands, WA 6009
Jack Bradshaw
Brian Neo

LJ Hooker Commercial - Perth

58 Kings Park Road
WEST PERTH, WA 6005

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LJ Hooker Commercial - Perth

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LJ Hooker Commercial - Perth

58 Kings Park Road
WEST PERTH, WA 6005
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Jack Bradshaw

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Jack Bradshaw
LJ Hooker Commercial - Perth
24 Leura Street Nedlands, WA 6009

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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