OVERVIEW

Cushman & Wakefield are pleased to present 613-619 Wellington Street, Perth FOR SALE.

613-619 Wellington Street offers a prominent two-storey character building in an evolving precinct. The forthcoming arrival of ECU City Campus has heightened the appeal of commercial real estate in this area, with developers competing for sites to capitalise on the growing demand for complementary residential uses.

Situated directly opposite the Perth City Link, the property benefits from excellent connectivity to transportation networks, including the new bus port, Perth train station and cycle network. The ongoing development of the new Edith Cowan University Campus and Western Australian Academy of Performing Arts (WAAPA) further enhances the area's allure. With completion expected in time for semester one 2026, the inner-city campus is forecasted to attract in excess of 10,000 students and staff, creating a wealth of opportunities within the precinct for complimentary uses.

613-619 Wellington Street is well located to benefit from this evolution.

Property Highlights Include:

-Holding income of $250,000* pa.

-Existing lease in place to ASX Listed company Aspermont.

-Recently upgraded speculatively fitted out office accommodation.

-Secure 17* car bays.

-827sqm* warehouse.

-Future development potential to suit PBSA, BTR type uses**.

-Zoned City Centre in the P5 Citiplace precinct under the City Planning Scheme No. 2 within the City of Perth.

-Plot ratio of 5:1 with additional bonus plot ratios for residential use.

-Close proximity to amenities such as public transportation, shopping centers, restaurants, and recreational facilities.

* Approximately

** Subject to Approvals

For Sale by Expressions of Interest campaign closing 2 pm (AWST) Wednesday 24th April 2024.

For further information or to arrange an inspection please contact the exclusive selling agents Nick Charlton or Ben Younger of Cushman & Wakefield.