12 Units Plus Communal Space on 2025sqm Zoned R40

This is a rare opportunity for a savvy investor, syndicate or developer to purchase a unique and significant land holding in one of Perth's most highly sought after suburbs. Set on 2025sqm of prime North Perth land zoned R40, 94 Forrest Street comprises of 12 single level units plus a communal area which can be leased as an office space or could be converted to an additional unit.<br/><br/>Ideally located within 3km to the Perth CBD and just a short walk from the hustle and bustle of the Fitzgerald Street strip, you have the options of either;<br/>• Lease all the units, which will generate a significant annual income<br/>• Lease the units whilst under going development application for the 2025sqm site<br/>• Purchase this together with 96 Forrest St which will provide a further 1012sqm of land and create a unique development across 3037sqm<br/><br/>The details for 94 Forrest Street:<br/>• Comprises of 12 units, including nine 1 bedroom units, and three 2 bedroom units<br/>• Additional office space/ community centre/ communal space on site which can also be leased or reconfigured to another unit potentially<br/>• 2025sqm<br/>• 40m frontage<br/>• All units can be leased (six have current leases in place)<br/>• Well kept complex, all on one title<br/><br/>Overall Site, including 96 Forrest St <br/>• 3037sqm in total combined<br/>• 60m frontage<br/>• City of Vincent Local Planning Scheme 2<br/>• Zoned R40<br/><br/>Location, Location, Location!<br/>-North Perth Primary School 850m | Sacred Heart Primary School 1.2km<br/>-Mt Lawley Senior High School 2km | Perth College Anglican School for Girls 1.9km<br/>-Local shops, restaurants, cafes, pharmacy all within walking distance on Fitzgerald street 250m<br/>-Hyde Park 550m<br/>-Beatty Park Leisure Centre 1.5km<br/><br/>Why invest here?<br/>This presents 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.<br/><br/>Ray White Whiteman & Associates in conjunction with Ray White South Perth are proud to present this unique investment opportunity to the market. 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 separately or together. <br/><br/>What are you waiting for? Act NOW and give us a call.<br/><br/>For further information, please send an enquiry today or contact David Whiteman on 0418 920 409 or Jannine Blum on 0403 058 167.<br/><br/><br/>*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.*