The 125 Melville Parade asset is currently occupied by a mix of office and hospitality tenants offering a strong holding income and a history of high occupancy and long-term tenant tenure.

Located within the Como Neighbourhood Centre precinct, the property is zoned ‘mixed use’, with proposed planning amendments allowing for more than six levels of construction enabling scenic views across all levels of the development.

CBRE’s Derek Barlow and Lachlan Andrew have been appointed to steer the sale sale campaign, with Expressions of Interest invited before the 10^th of August 2022. 

With a 1.1% residential vacancy rate recorded across Perth in May 2022, Derek Barlow says significant pressure has been placed on the rental market and more buyers are leaning towards apartment living.

“A property of this nature provides investors the chance to secure a development of scale in a desirable location,”

“Sites offering the opportunity for panoramic river views from all levels of development, combined with further development upside are certainly rare, so we expect this configured lot that allows for maximum building height and development yield to attract a high level of interest,” Mr Barlow said.

125 Melville Parade is superbly located on the front row of the expansive Como foreshore encompassing panoramic views of the Perth CBD, University of WA and the Heathcote Reserve headland.

For more information, please contact the Agents listed below.