UNIQUE 1150SQM MIXED USE DEVELOPMENT SITE ON 2 TITLES

An outstanding opportunity to acquire one of the last available sites in this prestigious location with desirable Northerly aspect providing panoramic views across Perth Water to the City , from Kings Park in the west to Burswood and the hills to the east.
Situated on the corner of the prestigious South Perth Esplanade and Mends Street, the location offers a variety of restaurants/cafes, bars, shops, supermarket, ferry transport to the City and Perth Zoo all within walking distance.
Property Features:
 1,150m² corner site held on two Titles.
 23.78 metre frontage to South Perth Esplanade plus 8.52 metre corner truncation.
 Secondary frontage to Mends Street of 34.73 metres.
 Uninterrupted Swan River and Perth City views, virtually directly opposite the developing and much anticipated Elizabeth Quay.
 Mixed use development potential with one of Perth’s most prestigious residential addresses, yet still high pedestrian exposure on a thriving retail strip.
 No specified maximum Plot Ratio.
 25 metre height limit (measured to the finished floor level of the upper most storey) circa 8 – 9 storey potential.
 Prime commercial location in an area with excellent public transport links and high amenity.
 Passing holding income of approximately $236,376 per annum (semi-gross).

The property is located within special control areas SCA1-South Perth Station Precinct (Mends St Sub - Precinct)
Current zoning provides for a variety of commercial uses plus multi storey residential development.
Amendment #46 has recently been implemented and will insert a new schedule 9A, which the SPCC will be using these provisions when determining new development applications
All prospective purchasers are advised to direct their enquirers to the SPCC planning department and refer to Amendment #46 - for a comprehensive guide to future development potential.

#77 South Perth Esplanade. Has a frontage of 15.15m a depth of 36.86m and an area of 569m2
It is developed with an old brick and tile two level refurbished residence recently utilized and converted for office accommodation.
This property is currently subjected to a lease to which is due to expire 01/11/2015.

#79 South Perth Esplanade. Has a frontage of 8.63m to South Perth Esplanade, a corner truncation of 8.52m, a secondary frontage to Mends St of 34.73m and an area of 581m2.
Developed with an older style single level home that underwent considerable refurbishment when converted to a restaurant approx. 20 years ago. The property is sold subject to a lease due to expire 31 December 2015.

TITLE PARTICULARS:
77 South Perth Esplanade:
Lot 107 on Diagram 89015. Volume 2043. Folio 586.
79 South Perth Esplanade
Lot 106 on Diagram 89014. Volume 2043 Folio 585

FOR SALE – BY OFFERS TO PURCHASE
To be lodged with Dempsey Real Estate, 78 Mill Point Road, South Perth by 4.00pm Thursday 21st May 2015, stipulating terms and conditions of Purchase.
The vendor’s advise preference will be given to cash unconditional offers, however they will not be obligated to accept the highest nor any of their submissions.

Further details contact