42 Bennett StreetEast Perth WA 6004
Property Details for 42 Bennett St, East Perth
Last Listing description (November 2023)
Knight Frank is pleased to present a highly strategic and significant 958sqm development site located at 42 Bennett Street, East Perth. Sitting at the intersection of Hay and Bennett Street, the site offers a commanding presence and maximum visibility from two major roadways. Additionally, the property has a third frontage facing Forrest Avenue cul-de-sac, providing added accessibility and privacy for residents or clients.
Investment Highlights
958sqm site with 3 street frontages in a prime corner location.
Offers flexibility for mixed-use residential, hotel, retail/dining, or commercial (STCA).
Zoned 'Town Centre' with 4:1 plot ratio (bonuses available) and undefined height limit.
Substantial holding income of $145,779 p.a; offsetting holding costs during planning phase.
Improved with a small two (2) storey building of approximately 365 sqm
Lease Details
Offers substantial income providing developers with the benefit of offsetting holding costs while they are in the planning and design stages of development. Details are as follows:
Leased to Urban OM, a yoga/caf operator paying $112,179 p.a* (expiring 6th October 2027) (redevelopment clause present)
Leased to Wilson Parking for 16 bays, paying $33,600 p.a * (month-to-month)
Total Net Income of $145,779*
To arrange an inspection or request a copy of the Information Memorandum, please contact the exclusive selling agents Zach Schreier and Jonathan Wong.
Property History for 42 Bennett St, East Perth, WA 6004
- 14 Nov 2023Listed for Sale CONTACT AGENTS
- 15 Feb 2023Listed for Sale CONTACT AGENTS
- 05 Jun 2019Listed for Sale Offers Invited
Recent sales nearby
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About East Perth 6004
The size of East Perth is approximately 3.2 square kilometres. It has 21 parks covering nearly 33.5% of total area. The population of East Perth in 2016 was 10596 people. By 2021 the population was 11681 showing a population growth of 10.2% in the area during that time. The predominant age group in East Perth is 30-39 years. Households in East Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Perth work in a professional occupation.In 2021, 36.40% of the homes in East Perth were owner-occupied compared with 37.60% in 2016.
East Perth has 8,403 properties. Over the last 5 years, Houses in East Perth have seen a 42.76% increase in median value, while Units have seen a 56.13% increase. As at 31 March 2026:
- The median value for Houses in East Perth is $1,522,770 while the median value for Units is $752,452.
- Houses have a median rent of $1,100 while Units have a median rent of $750.
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