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Commercial Sales

ST MARY’S HALL

338 OXFORD STREET, LEEDERVILLE

FOR SALE

OFFERS INVITED

The Offering

Being offered for sale is the St Mary’s Hall located at the corner of Oxford Street and Franklin Street, Leederville.

Situated on the rapidly developing, cosmopolitan Oxford Street with huge redevelopment potential and close to all amenities including shops, cafes, restaurants, schools, public transport and park land.

The land has a two street frontage and a third boundary fronting a rear right of way with a total area of approximately 1,113 square metres which offers great redevelopment opportunities.

The existing improvements comprise a hall with two levels of office accommodation constructed in approximately 1929 with a building footprint of approximately 500 square metres with additions to the northern side comprising a kitchen, small dining area/servery, male and female ablution and changing areas.

Property Summary

338 Oxford Street is made up of two lots being Lots 9 and 10 (on single title) which have a combined frontage on its western side to Oxford Street of approximately 25.1 metres parallel side boundaries with a southern frontage to Franklin Street of 44.2 metres and a total rear boundary to the east fronting the right of way of 25 metres giving an overall site area of approximately 1,113 square metres.

Legal Descripton

The legal description of the subject property is an estate in fee simple being Lots 9 and 10 on Plan 2287 and being the subject of Certificate of Title Volume 1478 Folio 490.

Encumbrances

The subject property is currently encumbered by Memorial J62724 under the Heritage of Western Australia Act 1990 with a register of the Heritage Places Notification of Entry under Section 56 (1).

See attached Memorial.

Zoning

We have been advised by the City of Vincent that the property is currently zoned R60 under the current Town Planning Scheme No 1.

We have been further advised, and recommend any prospective purchaser to make their own enquiries, that there is a proposed change of the zoning possibly to come in effect in the second half of 2016 which would change the zoning of the subject property from R60 to R100 which would allow for a mixture of residential/commercial. View the Town Planning Scheme No 2 (Extract).

Heritage

As previously indicated under encumbrances the subject property has been entered onto the Register of Heritage Places by the Heritage Council of Western Australia and is also on the City of Vincent register. View entry here. Therefore, any redevelopment of this site would have to conform with guidelines as laid down by both the local authority and the Heritage Council of Western Australia. We recommend that any prospective purchaser undertaken their own investigations as to the possible implications of such listings.

Contamination

We have been advised that the St Mary’s Hall has had asbestos materials used with the Heritage Council listing referring to an asbestos roof but no asbestos survey has been undertaken by the owner of the property. Any prospective purchaser is to satisfy themself as to the presence of asbestos in the property, the quantity of asbestos in the property and will purchase the property knowing that asbestos has been used in the construction of the existing improvements.

Closing Date

The property is being sold by invitations invited in which prospective purchasers will make an offer at their own discretion on a cash unconditional basis with a closing date for the submission of offers being 4:00 PM (WST) Wednesday 17 June 2016.

Expressions are to be lodged at the offices of Richard Noble & Company at Level 1, 189 Hay Street, Subiaco, or by email to plilburne@rnoble.com.au with subject reading “Expressions of Interest 338 Oxford Street, Leederville”.

Sales Representative
Patrick Lilburne
plilburne@rnolbe.com.au
0418 924 443

Further Details
Richard Noble & Company
Level 1, 189 Hay Street
Subiaco WA 6008
(08) 9380 3800
www.rnoble.com.au

Disclaimer

This page has been prepared by Richard Noble & Company (exclusive selling agent) and is solely for the information of potential buyers to assist them in deciding whether they are significantly interested in the property offered for sale to proceed with further investigations of the property on their own. Information contained herein does not constitute all or any part of any offer or contract of sale and is intended as a guide only.
The agent has prepared the information contained in the report and potential buyers should take note that any costings or areas contained within the report are based on figures provided to the agent by other parties and have not been independently verified. Any projections contained in the report therefore represent best estimates only and may be based on assumptions that, while reasonable, may not be correct.
If a projection has been made in respect of potential net income, such projection is an estimate and represents only one possible result, depending on the assumptions made. Potential buyers, should therefore, satisfy themselves as to the market assumptions and make their own judgement as to the likely outcome.
Potential buyers should not rely on any material contained in this report as a statement or representation of fact, but should satisfy themselves as to the correctness by such independent investigations as they or their legal or financial advisor’s see fit.
Any statements contained in this property report which are forecasts or predictions as to the likely state of property or rental markets in Perth in the future, are based on information available to the agent through various research sources. Whilst all care has been taken to ensure that information is accurate and conclusions drawn are reasonable, no warranty is given as to those conclusions or as to any forecast or prediction, nor does the seller accept liability for them. The buyer must make its own assessment as to the likely future of property and rental markets in Western Australia and as to the impact that it is likely to have on this property.