Prime development opportunity

The Phone Code for this property is: 78834. Please quote this number when phoning or texting.

MIDEL Property Group
Your local agent

PRIME DEVELOPMENT OPPORTUNITY
Perth, 37 - 43 Money St
FOR SALE BY EXPRESSIONS OF INTEREST
Closing Thurs 1 July 2021 4pm (AWST)
• Two lots comprising 984 sqm*
• Two licensed inner city lodging houses
• Stunning tree lined street in Northbridge
37 - 39 Money St 487 sqm* - Licensed lodging house (24 Bed)
41 - 43 Money St 487 sqm* - Licensed lodging house (45 Bed)

Two licensed lodging houses with Redevelopment Possibilities
Midel Property Group is pleased to offer for sale adjoining properties at 37 - 39 Money St, Perth and 41 -43 Money St, Perth.
A rare opportunity to purchase substantial lodging houses with redevelopment possibilities in one of Perth's tightly held and sought after locations.

- Highly sought after inner city location.
- Substantial single level lodging houses with car parking area.
- Total land area 984sqm
- With lease or Vacant possession.
- On site parking for 5 cars.
- Sold individually or together.

The Opportunity
This property offers a range of possible uses for the existing lodging houses to mixed use development (subject to council approval). The lots may be sold individually or together.
Location Description
Situated in a highly sought after location on tree lined Money Street within close proximity to the Perth CBD, William and Beaufort St, Northbridge entertainment precinct and the Perth Cultural centre.

Land details
Total land area: 972 square metres
Frontage to Money Street: 24.18 metres

The Improvements
There are two properties

41 - 43 Money Street, Perth
The building consists of a single level building with an approx. area of 287sqm and includes lodging house accommodation for up to 45 persons with lounge, kitchen and staff amenities.
There is onsite parking for 5 cars.

37 - 39 Money Street, Perth
The building consists of a single level building with an approx. area of 280sqm and includes lodging house accommodation for up to 24 persons with lounge, kitchen and staff amenities.

Legal Description
37 - 39 Money Street, Perth
41 - 43 Money Street, Perth
Lot 93 & 94 on Diagram 1769 - 380 . Certificate of Title Volume 1338 Folio 837.

Sales Process
37 - 43 Money St, Perth is offered for sale and expressions of interest are invited closing 1 July 2021 at 4pm (AWST).