1 Cleaver Street, West Perth, WA 6005 | Property Value & History | OnTheHouse
 
OFF MARKET

1 Cleaver Street
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 371m2
Land area: 1013m2
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Property Details for 1 Cleaver St, West Perth

Building Type
Commercial
Year Built
1930
Floor Size
371m2
Land Size
1013m2
Local Government
Vincent
Lot/Plan
104/D092153

Last Listing description (September 2017)

1 Cleaver Street, West Perth is situated at the bottom of Cleaver Street and benefits from additional frontages to both Old Aberdeen Place and Tandy Street. The site is situated within the portion of West Perth which has long been identified as an industrial precinct. In more recent times, with residential development encroaching and the CBD expanding, this area has become a prime locality being situated on the CBD fringe. This shift has made the locale more conducive to Mixed Use and Residential development with more of the Perth population opting to live close to the Perth CBD due to its convenience and many amenities.
The property is zoned Commercial under the City of Vincent and is part of the Cleaver Precinct Scheme Map 5. The Cleaver Precinct allows for this redevelopment to take place permitting commercial, mixed use and residential development within the area. As a result, the area is in the early stages of transitioning from industrial to residential uses.
Given this, the property will have appeal to investors, given its holding income, and developers wanting to redevelop the property.

The holding income of the site is a key component at $58,500 per annum net. This is a great opportunity to acquire a re-development site, commencing preliminary works and obtaining Development Approval while still gaining an income from the property!
Other key selling features of the site include:
- Construction of up to 7 storeys (or 23 metres)
- Plot ratio of 2.5
- Level site with 3 street frontages
- Situated just west of the Perth CBD
- Situated within 800 metres of the Leederville Train Station
- Established suburbs and amenities surrounding the site
- Quality tenant in Bridgestone Select Tyres to 2020!
- Existing industrial property onsite currently generating income of $58,500 per annum net
- Annual CPI increases
For sale by Public Auction if not sold prior. Auction on site Wednesday, 9 November 2016 at 11am.
This is your opportunity to buy into this area now before prices sky rocket!

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Property History for 1 Cleaver St, West Perth, WA 6005

A timeline of how this property has performed in the market
  • 03 Oct 2016
    Listed for Sale Not Disclosed
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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2016 was 5608 people. By 2021 the population was 6102 showing a population growth of 8.8% in the area during that time. The predominant age group in West Perth is 30-39 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation.In 2021, 33.70% of the homes in West Perth were owner-occupied compared with 33.00% in 2016.

West Perth has 5,856 properties. Over the last 5 years, Houses in West Perth have seen a 56.64% increase in median value, while Units have seen a 60.89% increase. As at 31 March 2026:

  • The median value for Houses in West Perth is $1,448,435 while the median value for Units is $732,330.
  • Houses have a median rent of $838 while Units have a median rent of $720.
There are currently 54 properties listed for sale, and 34 properties listed for rent in West perth on OnTheHouse. According to Cotality's data, 378 properties were sold in the past 12 months in West perth.

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