• SOLD

27 Oxford Close WEST LEEDERVILLE

Lever Property are pleased to present 27 Oxford Close, West Leederville, for Sale via Private Treaty.

This outstanding green titled property is situated within the tightly held West Leederville commercial precinct, offering the opportunity to acquire a a core commercial asset within this vibrant urban centre. Located in the West Leederville Activity Centre Plan area, the property has inherent strategic advantages being well serviced by an extensive public transport network, in close proximity to the Perth CBD and providing direct connectivity to the Mitchell and Graham Farmer Freeways.

The improvements of 513 sqm* are split over two levels and are partially leased, with the first floor providing a secure income stream. The vacant ground floor offers discerning investors the opportunity to reposition and capitalise on the vacant space. Conversely, owner-occupiers will be able to enjoy the cash flow benefits of an income producing asset whilst preserving optionality in owning surplus floor area to facilitate future expansion.

Zoned 'Mixed-Use' under the Town of Cambridge LPS1, 27 Oxford Close provides a high degree of flexibility from a permissible use perspective. Furthermore, the future development potential (STCA) has been outlined in the Town's Local Planning Strategy and the Draft West Leederville Activity Centre Plan, where the precinct has been earmarked for future mixed use, multi-storey development in order to accommodate the ongoing expansion of population and business.

The Opportunity:
• Large Green Titled Land Holding
• Land Area: 486 sqm
• Improvements: 513 sqm (approx.)

Features:
• Two tenancies split over two levels (each with separate street front entry)
• Secure income derived from the first floor being leased until 07/06/2025 (triple net lease)
• Added flexibility to either occupy or lease out the vacant ground floor
• Reposition/Value Add Opportunity with Future Development Potential (STCA)
• ROW access via rear laneway
• 6 Exclusive On-Site Car Bays (3 allocated under current lease)

Outgoings (22/23 FY):
• Council Rates: $14,041.07 pa
• Water & Sewerage Rates: $2,355.60 pa

For more information or to schedule an inspection please contact the exclusive selling agents David Myers and Neil Rose.