28 - 30 Cleaver Street, West Perth

Eric Rogers

Principal / Licensee
Mobile: 0412 228 555
Email: egr@metwaywa.com

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Unique Residential Investment
28 - 30 Cleaver Street, West Perth
$3,950,000
The property is located on elevated land in a prime position which affords it views of the City Skyline. The site improvements comprise a three level 1960’s style apartment complex housing 15 apartments/studios which are well maintained and in very good condition given their age which is reflected in the low vacancy rates experienced.

Its proximity to the City and the nearby areas of West Leederville with its fine restaurants, chic cafes and eateries along with the entertainment precinct of Northbridge add to the appeal of the investment and greatly helps in attracting tenants to property.

With some modest refurbishment and more diligent management there is an opportunity to significantly improve rental income.

Highlights of the property include, but are not limited to;

Real opportunity to acquire a substantial freehold apartment complex in a prime location
- 1,100sqm of highly sought after West Perth land
- Secure holding income with significant potential for rental growth
- Situated within one of Perth’s strongest apartment rental and sale markets
- Views of the Perth CBD skyline
- Proximity to Perth’s CBD with easy access on and off the Freeway system
- Currently Zoned residential R80
- Walking distance to Leederville retail café strip and Northbridge
- Free CAT bus service to Perth just 50 meters* from the front door
- Generous onsite parking and free local off-street parking
- Quiet street close to the heart of Perth
Floor Area 549 sqm
Land Area 1,100 sqm
Municipality City of Perth
Parking On-Site Parking
Zoning Residential R80
Tenancy Tenanted Investment
Price $3,950,000