Sterling Property is pleased to exclusively present 167 Carr Place, Leederville – a boutique block of 12 strata-titled 1-bedroom units across a 3-storey complex. This rare freehold corner site offers strong income now with significant future redevelopment potential in one of Perth’s most vibrant inner-city precincts.

Key Highlights
– Land Area: 1,354sqm*
– Improvements: 12 x 42sqm 1-bedroom units (3-storey complex)
– Tenure: Rare single ownership across 12 strata titles
– Zoning: Regional Centre – City of Vincent LPS No. 2
– Planning Framework: Residential R80 (Leederville PSP – Urban Frame Type B)
– Current Height Limit: 4 storeys
– Endorsed PSP Height Limit: 8-10 storeys (STCA)
– Gross Income: $285,480 pa
– Estimated Statutory & Variable Outgoings: $63,913.30 pa
– Estimated Net Income: $221,567 pa
– Prime Location: High-exposure corner with dual frontage

167 Carr Place represents a triple advantage for investors and developers:
– High-amenity location – footsteps to Leederville town centre, train station, cafes, bars, and lifestyle precinct.
– Strong income security – fully leased and well-maintained complex with diversified rental base across 12 units.
– Future development upside – planning certainty supporting 8–10 storeys, unlocking genuine long-term growth potential.

With historically low vacancy rates, rising rental demand, and constrained supply, this is a boutique blue-chip investment seldom offered to market.

Sales Process:
The property is offered For Sale via Offers Invited.

Price Guidance:
Mid–high $5,000,000s (no GST).

Inspections:
Strictly by appointment.

Exclusive Agents:
Jack Bradshaw – Sterling Property
Jake Wallman – Sterling Property