An existing apartment site has hit the market in one of the most sought-after locations in the western suburbs, with all owners unanimously ready to sell – presenting a unique opportunity for a new owner to unlock the potential presented by the site’s premium positioning.

Located at 22 John Street, Cottesloe, the 3,915sqm site is currently home to a six-storey apartment complex that has become an identifiable part of the streetscape since it was constructed in 1973.

In 2020, amendments to the Strata Titles Act 1985 made it possible for old strata schemes to be redeveloped when a quorum of owners are in agreeance to sell, however this can be a time and resource-intensive process for developers looking to acquire a property.

This is the first time apartment owners have worked together to offer an entire property for sale in Cottesloe.

Sterling Property Managing Partner Vincent Siciliano and Principal Partner Brian Neo are handling the sale process via PublicTender.

Mr Siciliano said the opportunities for the location are endless and developers or private parties will be able to move swiftly thanks to the unified owners.

“Rarely does an entire complex go to market with all owners ready to sell – and it is unheard of in a sought-after area like Cottesloe,” said Mr Siciliano.

“Thanks to its elevation, the land boasts views over Cottesloe Beach and out to Rottnest. Combined with its private and secluded location, this is a stunning site.

Mr Neo commented that the iconic Norfolk Pine Tree street and surrounding attractions would support a competitive sale process.

“With development already underway on sites along Marine Parade during challenging construction times, the upcoming sale of 22 John Street demonstrates complete confidence in the Cottesloe market and will be an exciting addition to the changing face of this western suburb,” said Mr Neo.

“The 3,915sqm site is zoned R30, allowing for a range of redevelopment options – including new apartments, town homes, the creation of a small lot subdivision or even a single family home”

22 John Street is located a short stroll from John Street Café and just metres from Cottesloe Beach.

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L to R: Sterling Property Managing Partner Vincent Siciliano and Sterling Property Principal Partner Brian Neo.