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44 and 46 Francis Street, Northbridge, WA, 6003

Properties / Buy / Western Australia / Northbridge

Tenanted Investment

1. Property Summary

Selling Method

Sale by Negotiation

Selling Details

Closing Friday 12th July at 2pm AWST.

Land Area

1,067 m² (*approx)

Floor Area

774 m² (*approx)

Property Type

Hotel/Leisure

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2. Property Highlights

BACKPACKER ACCOMODATION WITH DEVELOPMENT POTENTIAL

Two existing buildings on site
1,067sqm land site on a prime location
Offers flexibility for mixed-use

Knight Frank is pleased to present a Backpacker Accommodation with the potential for mixed-use development. This property is located between William and Lake Street in the heart of the vibrant Northbridge entertainment precinct.

Improvements

The site is improved with two buildings comprising the following:

44 Francis Street - Single storey building of 238m2* that is currently operating as a backpacker.

46 Francis Street - Two storey building of 536m2*. This building was formally utilised as a backpacker accommodation and is currently vacant (Needs refurbishment).

Zoning and Development Potential

The site offers a chance to further link the Perth CBD and Northbridge with a flexible development option such as a 'mixed-use' residential, retail/dining, hospitality, or commercial project (subject to council approval).

- Zoned “Central City Area” under Precinct 1- Northbridge.

- Base plot ratio of 4:1 + Bonuses available (subject to council approval).

The Property is for sale by “Expressions of Interest” campaign closing Friday 12th July at 2pm AWST.

Sites are offered in one-line or can be sold separately.

To arrange an inspection or request a copy of the Information Memorandum, please contact the exclusive selling agents Jonathan Wong and Tony Delich.

Approximate*

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