Perth

Vacant site in the heart of a new community listed for sale

A vacant site with residential R40 zoning in Lathlain Redevelopment precinct is being offered to the market through CBRE.

03 May 2018

A vacant site with residential R40 zoning in Lathlain Redevelopment precinct is being offered to the market through CBRE.

The Town of Victoria Park has appointed CBRE to sell 12 Lathlain Place, Lathlain, a 1,098sqm corner site with zoning that provides potential for up to ten apartments. 

The focal corner site benefits from a desirable retail and café strip location, opposite parks and near the new West Coast Eagles headquarters and Perth Football Club sporting facility. It is walking distance to the train station, next to a bus stop and very convenient to freeway network.

Lathlain is an established inner metropolitan suburb approximately five kilometres to the east of the Perth CBD, close to the popular Victoria Park retail and café strip, Crown Perth resort, Optus (Perth) Stadium, and Perth Airport. 

The ‘Lathlain Place’ precinct provides the link between Lathlain Oval, Rayment Park and Lathlain Primary School. The street is home to a number of vibrant cafes, small business and community groups, providing a thriving meeting place for the local community.

CBRE’s Michael Milne and Ben Younger are selling the property by Offers Invited process.

Mr Milne said the site is in the centre of the Lathlain Redevelopment project, a $70 million rejuvenation of the area.

“The now complete ‘Lathlain Place’ precinct provides a complete refresh of the street, making it an attractive, interesting and user-friendly area which is not just a thoroughfare, but a central point for the community to gather and participate in activities,” Mr Milne said.

The formal Offers to Purchase process closes 12 April. 
 
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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.