94-96 Forrest Street, North Perth, WA, 6006, Australia

Rare Investment Opportunity

Make no mistake, this is a once in a lifetime opportunity!

Set on 3037sqm of prime North Perth land zoned R40, 94 and 96 Forrest Street are being offered for sale by tender with all offers to be presented by Thursday March 21.

Ideally located within 3km to the Perth CBD and just a short walk from the hustle and bustle of the Fitzgerald Street strip, this is a rare opportunity to secure a large land holding with development potential generating rental returns whilst undergoing planning.

Overall Site
• City of Vincent Local Planning Scheme 2
• Zoned R40
• 3037sqm in total combined
• 60m frontage

The details for 96 Forrest Street:
• Character Home
• Three bedrooms
• Kitchen with meals area
• Additional separate dining
• Separate formal living
• One bathroom
• Can be leased as is
• 1012sqm
• 20m frontage and SIDE ACCESS

The details for 94 Forrest Street:
• Comprises of 11 units, including nine 1 bedroom units, and three 2 bedroom units
• Additional office space/ community centre/ communal space on site which can also be leased or reconfigured to another unit potentially
• 2025sqm
• 40m frontage
• All units can be leased (six have current leases in place)
• Well kept complex, all on one title

Why invest here?
These properties present an incredible opportunity to secure a significant land holding in one of Perth's most desirable suburbs. Whether you're looking to hold and take advantage of the significant annual rental returns, or demolish and create a unique development in a highly desirable residential area, this ticks all the boxes. Contact us to find out the full potential annual earnings.

Location, Location, Location!
• North Perth Primary School 850m | Sacred Heart Primary School 1.2km
• Mt Lawley Senior High School 2km | Perth College Anglican School for Girls 1.9km
• Local shops, restaurants, cafes, pharmacy all within walking distance on Fitzgerald street 250m
• Hyde Park 550m
• Beatty Park Leisure Centre 1.5km

We will be presenting all offers on Thursday March 21 unless sold prior, with the sellers reserving the right to accept an offer without notice. Please note, the properties can be purchased individually or together.

What are you waiting for? Act NOW and give us a call.

For further information, please send an enquiry today or contact David Whiteman on 0418 920 409 or Jannine Blum on 0403 058 167.


*Disclaimer: Ray White Whiteman & Associates have in preparing this advert used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Reference to a school does not guarantee availability of that particular school. All distances are estimated using Google maps. Prospective purchasers should make their own enquiries with the relevant authorities to verify the information contained in this advert. ALL boundary lines and size on imagery is APPROX only.*