RWC WA proudly presents 8 King William Street, Bayswater WA. 8 King William Street is a high-exposure, income-producing asset with immediate income and exceptional development potential.The opportunity- 500sqm rectangular site with King William Street frontage and rear access- 100sqm existing improvements:- 2 tenancies (2x 50sqm)- Holding income - $30,913 per annum- 350sqm cleared, elevated, rear portion of land- Redevelopment clauses for both leasesBayswater location - Perth's rapidly transforming inner suburb experiencing unprecedented growth:- 6.5km from Perth CBD | 7km from Perth Airport- 100 metres from Bayswater Train Station- Major transport hub driving population growth and commercial activity- High infrastructure investment and urban renewal programs- Supply-constrained market with limited development sites availableCurrent income profile- Combined rental income of $30,913 per annum - Redevelopment clauses for both leases in placeThis is a rare combination of immediate income, development potential with a prime location in a fast-growing corridor in Perth's North East.Don't miss this opportunity.Contact Exclusive Selling Agents:Brett Wilkins0478 611 168brett.wilkins@raywhite.comLachlan Burrows0499 552 296lachlan.burrows@raywhite.comTom Jones0478 771 117tom.jones@raywhite.com*approx.
The size of Bayswater is approximately 9.8 square kilometres. There are 40 parks, covering nearly 15.1% of the total area. The population of Bayswater in 2016 was 14432 people. By 2021 the population was 15288 showing a population growth of 5.9% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation.In 2021, 69.50% of the homes in Bayswater were owner-occupied compared with 67.70% in 2016.
Bayswater has 8,840 properties. Over the last 5 years, Houses in Bayswater have seen a 93.34% increase in median value, while Units have seen a 134.19% increase. As at 30 April 2026:
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