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.
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.
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).
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.
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.
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 email@example.com with subject reading “Expressions of Interest 338 Oxford Street, Leederville”.