LJ Hooker Commercial Perth is pleased to present for sale 364 Fitzgerald Street, North Perth.

A prime corner site with three street frontages, the property is a suitable prospect for owner occupiers, commercial investors and commercial / residential developers. The property is currently utilised as a medical centre, trading as the Raglan Clinic, with a short-term lease in place to June-22 providing nominal holding income.

Located on the corner of Fitzgerald and Raglan street, the demanding 1,118 sqm land parcel presents with significant development upside, zoned for ‘Commercial’ with a height limit up to 4-storeys (STCA).

Permitted uses under the Local Planning Scheme include but are not limited to: Consulting Rooms, Convenience Store, Lunch Bar, Liquor Store, Office, Restaurant Caf, Serviced Apartments and Shop, together with the following discretionary uses: Aged-Care, Childcare Centre, Multiple Dwellings, Medical Centre, Veterinary Centre, Service Station.

Property Highlights

Prominent 1,118 sqm corner site in heart of North Perth Town Centre
Walking distance to major retailer Coles plus Fitzgerald Street caf strip & Angove Street bars and restaurant
Commercial zoning providing flexible future redevelopment options
Short drive to Perth CBD and easily accessible from freeway & major transport routes
Walking distance to majestic Hyde Park offering outstanding amenity
4-minute drive to major Education hub ECU Mount Lawley & Mt Lawley SHS
Directly opposite potential future high-density residential apartment project
Ability to refurbish existing improvements for investment or occupation
Potential to renovate and lease out balance of centre whilst benefitting from nominal holding income
Medical approval (subject to council records) to be sold with property

Sale Method:
364 Fitzgerald Street, North Perth is for sale by Offers Invited, closing 2pm (WST) Tuesday 14th September 2021.

To discuss the opportunity further or to request a copy of the information memorandum, please contact the exclusive selling agents LJ Hooker Commercial Perth.