Sterling Property, as Exclusive Agents, is pleased to offer a unique commercial opportunity at 61 Loftus Street, Leederville, available for Sale or Lease.

For the first time in over two decades, this well-positioned freehold property is available on the market, representing an exceptional opportunity for tenants, owner-occupiers, investors, or developers to acquire a prominent city fringe commercial building.

The single-level, 549sqm* building is currently utilised as office space and includes 18 on-site parking bays, making it a versatile proposition for potential buyers.

The 1,305sqm* site is situated near the highly visible intersection of Newcastle and Loftus Streets, offering excellent signage opportunities and strategic access to the Perth CBD and surrounding metropolitan areas.

Key Highlights Include:
– Land Area: 1,305sqm*
– Single-level freehold with 502sqm* plus 47sqm* store room which includes shower facilities
– Secure, well-maintained commercial building
– 18 on-site car parking bays including 4 secure undercover bays
– Currently approved as office use
– Holding net income of $19,263 per month until 31st December 2024
– Perth CBD, River and Lake Monger views from potential development on upper levels
– Excellent natural light
– 43.08m frontage to Loftus Street provides superb signage opportunities
– Short walk to Leederville Town Centre and Train Station
– Direct access to major arterial roads & buses servicing the Perth CBD and metropolitan surrounds
– Excellent schools, medical, retail amenity, parks and lifestyle within walking distance

Estimated Statutory Outgoings 24/25:
Council Rates: $9,672.80 pa
Land Tax: $27,936.15 pa
Water Rates: $3,750.00 pa

Zoning:
Regional Centre as per City of Vincent’s LPS No 2

Current Height Limit:
The property provides immediate or future development opportunities with current planning policies allowing up to 6 storeys if developed. Future planning policies provide a maximum 18 and potential 23 storeys under Leederville precinct Structure Plan within Cityscape Sub-Precinct.

Asking Sale Price:
$3,600,000 (Going Concern)

Asking Net Rent:
$325/sqm or $178,425 pa + GST

Asking Car Bay Rent:
4 undercover bays @ $200 per bay/month + GST
14 open bays @ $175 per bay/month + GST

Statutory & Variable Outgoings:
Estimated at $105.82/sqm or $58,099.93 pa for the 24/25 Financial Year

For further information or to arrange an inspection please contact Exclusive Agents Jack Bradshaw 0439 095 336 or Brian Neo 0411 868 486.