Premium West Perth development opportunity to ignite investor interest



Havelock West Perth

More than 2,000 square metres in the heart of West Perth has been listed for sale, unlocking a premium development opportunity in one of the city’s premium business hubs.

Located at 41 & 45 Havelock Street, the 2,208sqm site comprises three title lots and benefits from a high amenity, dress circle location with versatile hold or redevelopment options.

A concept scheme recently prepared for the site shows the potential to accommodate 84 apartments over nine levels, including a ground floor retail component.

CBRE’s Ben Younger and Michael Milne have been appointed to sell the property via formal Offers to Purchase Invited campaign.

Mr Younger said the property represented an outstanding opportunity to secure a presence in one of Perth’s most sought after locations.

“Strategically positioned within the dress circle Parliament Precinct, the property is in close proximity to the Perth CBD, Kings Park and the Hay Street café strip, providing an exceptional investment or re-development opportunity in a premier location,” Mr Younger said.

“This site is considered suitable for a broad range of options including high rise residential, mixed use, hotel or serviced apartment projects, and we therefore significant investor interest from both local and interstate groups.”

Mr Milne said the property also benefited from immediate income return and ongoing use potential, which would further fuel investor interest.

“Existing residual leases to government and medical tenants, provide a holding income which will ignite interest from buyers looking for both security and the opportunity to unlock the value of this premium site,” Mr Milne explained.

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