A historic Cottesloe property will hit the market for the first time in nearly six decades and is expected to break WA’s land sale record my a mile.
Number 11 Pearse Street, near the ocean front, is set on 1181 square metres and is expected to sell for more than $20 million, delivering a state land price record of at least $16,934 per square metre.
The land for sale in Cottesloe. Credit: Space Real Estate
That will surpass the previous record – 22 Odern Crescent in Swanbourne – by nearly $2000 per square metre.
Space Real Estate director Justin Davies sold the previous record and will also sell 11 Pearse Street.
He said the property represented a rare opportunity and had already had property advisers suggest it was the best parcel of coastal land in WA.
“This property is second to none. It is hard to imagine there is another multi-site, landholding available in Cottesloe or Perth that is within a ‘stones throw’ to the ocean, overlooking a beautiful golf course and drenched in northern light,” he said.
In Cottesloe there are just 49 residential properties over 1100 square metres. Of that, there are only two that are north-facing, with ocean and parkland views, along with rear access. One of those properties is owned, while the other is also for sale.
