SOLD

LOCATION
Only 2.8 kilometres from the Perth CBD the property is superbly positioned near the Fitzgerald and Angove Streets T-Junction opposite the bustling entertainment, food, beverage, boutique fashion/retail precinct and complimented by beautiful new apartments on either side of Fitzgerald Street. Commercial development in North Perth is concentrated primarily along Fitzgerald Street. The property location allows easy access to public transport and the freeway system in all directions.

HISTORY and BUILDING
452 Fitzgerald Street was built between circa 1938 for the Bank of New South Wales and designed by prominent Perth Architects Hobbs, Forbes and Partners. This iconic art deco inspired 373m2 building gives the bank an imposing street presence that is unmatched anywhere in the City of Vincent. A timeless classic and landmark in vibrant North Perth. The ground floor was leased to ANZ from 2011-2016 with the city facing wall leased also as a billboard by ANZ. The ground floor remains in the same configuration as it was for the bank.

Between 1998 - 2000, major interior renovations were undertaken to restore both floors. An art deco ceiling replicating the original is a highlight of the ground floor and soars to 15 feet.

Six Belgian "up lights" fitted flush into the polished floorboards, cast a 30 degree beam of light "Theatre Style" making an impressive feature along the ground floor walls and wide passage.

American art deco frosted glass dove sconces in the rest rooms along with art deco hand painted feature border tiles and custom mirrors give these rooms a true designer feel. Kohler tap wear and matching porcelain foot sinks are also in the art deco style. A bevelled glass leadlight feature door is the finish touch.

The jarrah staircase has been fully restored and highly polished, opening onto a 2nd floor landing. On the second floor, a wide long passage serves 6 rooms currently uses as offices, storage and meeting rooms / photographic studio. Everything is beautifully appointed. Fully air conditioned with separate Daikin units on both floors. There are separate power and water meters for both floors.

The building glistens at night with art deco inspired signage and classic front illumination.

Rear parking can fit up to 5 cars.

ZONING
The land is located in the City of Vincent and Zoned "District Centre" under Local Planning Scheme No. 2, gazetted on 16 May 2018.

"District Centre endeavours to provide a community focus point for people, services, employment and leisure that are highly accessible and do not expand into or adversely impact on adjoining residential areas." This building presents many commercial possibilities offering a truly prestigious address. Some of the uses that may be permitted are Shop, Restaurant/Caf, Liquor Store, Office, Educational Establishment, Aged Care, Child Care, Club Premises, Residential. Please see attached Zoning Table for a full list and explanation.

LAND AND TITLE PARTICULARS
Lot 7 on Diagram 1843 is a green title stand alone lot of 364m2 with 10.06 metre frontage to Fitzgerald Street and the same to the Right of Way at the rear. Access via the R.O.W is secured by an Easement Benefit listed on Certificate of Title Volume 2087/Folio 919. There are no other Encumbrances affecting the property listed the title. Certificate of Title and superseded sketch of land attached.

HERITAGE
The City of Vincent has the building Heritage listed under the "B" Management Category- Conservation Recommended. Lower level of heritage significance and some works to property are permitted without planning approval such as all works to the interior of the building.
The main emphasis of the management category is to maintain the historical Fitzgerald Street appearance of the building. Planning approval is required for such works as demolition, works visible to the street but not for minor works, maintenance and repairs. Heritage management guidelines attached.

PUBLIC TRANSPORT
Buses pass every 5 minutes during business hours. Bus stop within 85 metres and running between Perth CBD and various busports.

PUBLIC CAR PARKING
Wasley Street directly Opposite for approx. 50 cars (free for first hour).

View Street behind the Fitzgerald Street Post Office for approx. 30 cars. Street Parking within 50 metres being 8 one hour and 6 quarter-hour free bays on the corner of Fitzgerald and Wasley Streets with further free one hour bays along Wasley Street.

OUTGOINGS PER ANNUM (estimated)
COUNCIL RATES $7,238.00
WATER RATES $2,407.00
LAND TAX $1,600.00
INSURANCE $3,600.00

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SIMILAR PROPERTIES FOR SALE

RARE EARTH, 2 LOTS, 672 SQM TOTAL LAND WITH HOUSE

39 Marmion Street, North Perth

From $999,000

Land

  • 3beds|
  • 1baths|
  • 1cars

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Wayne Heldt

M : 0433 118 353