NEWS

Investors compete for mixed use property in tightly-held Claremont

High level of interest being fielded for mixed-use building in Perth’s western suburbs

The marketing campaign has opened for a well-known mixed-use property in Perth’s western suburbs that accommodates a private residence and four tenancies to established businesses.

Located at 142-144 Railway Street in Claremont, the freehold property is also on the border of neighbouring suburbs Swanbourne and Cottesloe and is less than 100 metres from Swanbourne Station.

The property is being marketed by Colliers International’s Tory Packer who said the service based businesses trading at the property and the addition of a busy café, made it a popular destination for western suburbs patrons.

“The opportunity to buy this mixed-use building on a 519sqm site represents a rare opportunity to invest in a property that has dual exposure to Claremont and Swanbourne,” Ms Packer said.

“The versatile building comfortably accommodates a beautician, a yoga studio which opens to a courtyard, a chiropractic consulting room, a café, and on the second floor, a recently renovated apartment with expansive living areas.

“It is also opposite Swanbourne’s busy retail centre, which includes an IGA, cafes, a liquor store and commercial and medical buildings."

In addition to its frontage to Railway Street, which has a high level of pedestrian and vehicle traffic, the property’s rear five-bay parking area can also be accessed from lanes off Windsor Street and Hillside Avenue.

Ms Packer said the area around the Railway Street property was tightly-held and the opportunity to acquire freehold land next to a retail precinct and a train station had already attracted strong interest from developers and investors.

The property is in the Town of Cottesloe local government area and has a Local Centre R50 zoning.

Offers to purchase close on May 30 and the building will be sold as a going concern.

Perth property Colliers International real estate

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