Building sale to test tightly-held North Perth market
A historic building in vibrant North Perth has gone to market in a sale that is expected to attract strong interest in the commercial property market.
Built in 1938 to accommodate a bank, the two-storey building at 452 Fitzgerald Street was most recently occupied by ANZ Bank and will be sold by Colliers International’s Shane Isaacs.
“This imposing North Perth building has been restored to a high standard and with properties rarely offered for sale in this city-fringe location, we are expecting a good level of demand,” Mr Isaacs said.
Designed by Perth architects Hobbs, Forbes and Partners, the heritage-listed building is the only pre-1940 bank building remaining in the City of Vincent.
The 373sqm building, which is described as an example of interwar stripped classical style architecture, is owned by photographer Denise Teo, who operates a photographic studio on the upper floor.
Mr Isaacs said the building’s location, and its ‘district centre zoning,’ which allows for a range of uses including office, retail and mixed-use, would ensure interest from investors and owner-occupiers.
“Fitzgerald Street is one of the main arterial roads carrying traffic between the city and Perth’s northern suburbs and in recent years, this busy commercial strip has been further activated by a spate of new apartment developments,” he said.
The building occupies a 364sqm site just 40m from Angove Street, North Perth’s bustling café strip.
The building will be sold with vacant possession. Offers over $1.9 million plus GST will be presented.
For more information please contact Shane Isaacs on 0434 659 911