A unique and impressive development in West Leederville Perth for sale for $8 million through Exclusive Estates Australasia’s Graham Bowie.

Located three kilometres from the Perth CBD, this luxury mixed use development is ready to break ground with the Expressions of Interest campaign closing Wednesday 29 March 2023.

The project is due for completion late next year, November 2024. 

Pay 5% deposit now, progress payments during the build and settlement expected in November 2024. 

It will comprise five luxurious, three level buildings consisting residential and retail/office space.

Established for 20 years, this award winning, medium to large scale builder with a number of government and semi government projects under redevelopment, is keen to progress the business and to assist overall financing is prepared to turnover this project quickly

The western suburbs demographic predominantly reside in terrace style homes, double carports, 4 bedrooms and plenty of space.

Mr Bowie said, “It’s a town house/office product where the tenant can live and work, or owner could live permanently or mid week and retreat to beach or regional WA or anywhere in oz for weekend.” He said. 

Mr Bowie said the obvious selling points of this West Leederville development is its location.

“A prestige development within 3kms of the Perth CBD is a wanted item as is a home office these days, which is included in every terrace home.

“From an investors point of view how often are you able to actually purchase at valuation. These are such conservative and sometimes unrealistic negative evaluations and yet the builder will accept on this occasion the valuation figure. The builder and developer is a renowned company with a pragmatic CEO. It’s a straight forward deal not to be overlooked,” he said. 

Managing Director of the Slatter Group, Mark Slatter, the West Leederville development, told The Real Estate Conversation, “The result of this unique and impressive development comes from 20 years of experience in and around the West Leederville area. The Western Suburbs demographic predominantly reside in terrace style homes, double carports, 4 bedrooms and plenty of space. This project has taken that desire to the next level (literally) by architecturally designing the homes to walk, talk, feel and function just like a terrace style home but with the additional security and comfort of a double garage and the convenience of “lock and leave” apartment living luxury.

Incorporating the design with its impressive location and amenities, has made this development our “flagship” project, commented Mr Slatter. 

The rental Income as per independent appraisals is estimated to be about $363,000 per annum, said Mr Bowie. 

There is the possibility to sell on completion at retail price points, comments Mr Bowie. 

Land value in excess $2 million and building contract is fixed with deposit of 5% required and with progressive payments on build until completion.

According to the marketing agent, Graham Bowie, aspects of this unique turn key deal are supported by independent valuations and rental appraisals, and available for due diligence together with a detailed information package. 

The developers key investment points:

• Located at 41 Cambridge street West Leederville Perth Western Australia.
• Asking price AUD $8,000,000 
• A turn key opportunity to acquire a DA approved development site for the construction of 5 luxury terraces and one ground floor commercial unit. 
• 5% deposit with progressive payments on build until completion.
• Fixed price contract with completion and settlement due November 2024
• Upon completion opportunity to rent and hold as a whole investment property or on sell all 6 individual tiles at retail price points and or sell some titles and retain some as a long term investment in the Perth suburb of West Leederville. 
• The projects Land value in estimated by the developer to be in excess $2mil and building contract fixed, deposit required is 5% with progressive  payments on build until completion.
• Estimated potential rental income as per independent appraisals $363,000 PA  projected to show a projected 4.5% ROI
• Independent valuation of $8m available as part of due diligence package available upon request 
• Project to be built by the Slatter Group an established award winning medium to large scale builder of 20 years experience 
• For sale by Expressions of Interest campaign closing Wednesday 29 March 2023
• The successful purchaser will pay 5% deposit, progress payments during the construction phase with final settlement expected in November 2024. 
• Marketing agent Graham Bowie Exclusive Estates Australasia.

To request a copy of the Information Memorandum including DA plans, Independent valuation and rental appraisal please contact one of the marketing agent Graham Bowie Exclusive Estates Australasia via the contact details below or click here.

A Turn-key Flagship West Leederville Perth development for sale at $8m by Exclusive Estates Australasia