The East Perth Redevelopment Authority’s latest sales offering in its New Northbridge urban renewal project has it all – from the development potential of a New Northbridge lot to the old world charm of the area’s vibrant past.
Lot 212 Lake Street, 510 Newcastle Street and 611 Lindsay Street will be sold by auction on 6 October 2007,with each lot featuring a charming heritage property suitable for mixed-use development.
East Perth Redevelopment Authority (EPRA) CEO Tony Morgan said the three lots would be highly sought after due to their much-coveted adaptive reuse potential and prime inner city location.
“A key focus for the New Northbridge project is to enhance and protect the heritage and cultural values of the area, and the adaptive reuse of heritage buildings is one way in which this is being achieved,” Mr Morgan said.
“EPRA’s own office on Lindsay Street has transformed the Heritage Listed Union Bakery into a modern and enjoyable space for staff and has demonstrated that redevelopment of heritage buildings can not only be attractive and functional, but also commercially viable.
“The success of this and other adaptive reuse projects in New Northbridge has generated high demand for the area’s heritage cottages as more people realise the lifestyle benefits of the near city location,” said Mr Morgan.
Lot 212 Lake Street is a 298m2 mixed-use site in the Lake Street precinct at the heart of Northbridge’s dining and entertainment precinct. It is located on the Plateia Hellas, a landmark civic space that has become a versatile area for business, residential and recreation activities such as small-scale events.
Lot 510 Newcastle Street (427m2) and 611 Lindsay Street (438m2) are both located in the Lindsay Street precinct, which is characterised by rich social and cultural diversity with strong heritage influences and an emphasis on mixed-use dwellings.
EPRA’s sales agent Graeme Kiddey of Knight Frank said the strong development potential of the lots would attract interest from the residential, commercial and mixed-use sectors of the market.
“These lots represent a rare opportunity to secure a heritage cottage with the development potential to meet the needs of people seeking a cosmopolitan inner city lifestyle, the ease of working from home or a funky place of business that will turn heads,” he said.
All three lots will be open for inspection on Wednesdays and Saturdays, Lot 212 from 10am-10.45am and Lots 510 and 611 from 11am-11.45am. They will be auctioned on Saturday, 6 October 2007 at 11am at the rear of Lot 510 Newcastle Street.
Further information is available by contacting Graeme Kiddey on 9325 2533.