Chance to clean up at prime Beaufort Street location
THE site of the old Highgate Drycleaners is set for redevelopment following Baltinas Made’s acquisition of the property.
“We acquired this site, which the local Challis family has owned since the 1950s and run the landmark Highgate Drycleaners for 67 years, and now we have development approval to subdivide it into four green title development lots,” founder Barry Baltinas said.
“The first phase of the project involves putting 545 Beaufort Street up for sale while we gather registrations of interest in order to finalise plans for developing the remaining lots – 539, 541 and 543 Beaufort Street, 539 being the corner site.”
The 232sq m lot at 545 Beaufort St Highgate was priced at $1.495 million.
Mr Baltinas said he expected a small developer or owner-occupier to buy the site, which had Beaufort street frontage and rear access.
“A four-level mixed-use development including a penthouse, Airbnb-approved apartments and shop or office space is the most likely plan for this block but it’s definitely flexible,” he said.
“One possibility is that it could be a perfect opportunity for a downsizing couple to secure themselves an incredible home in a sought-after location, and simultaneously create business interests to fund their retirement and lifestyle.”
Mr Baltinas said a buyer could opt to embrace one of Baltinas Made’s visions for the site, which included four different designs for the four lots, or develop their own approach.
“The entire lot is a prime piece of Perth real estate and we could have just built a typical apartment block there but research globally shows that creating smaller buildings on a site like this has many benefits,” he said.
“What it offers are more affordable tenancies, more vibrant and healthier communities, and a more engaging activated streetscape.” ■.
An artist’s impression of Baltinas Made’s potential Quarters development.