63 & 65 Penguin Road, Safety Bay, WA, 6169

Proudly presenting a rare and highly versatile opportunity in the tightly held Safety Bay commercial precinct - 63 & 65 Penguin Road.

This substantial dual-lot freehold site spans two quarter-acre blocks on separate titles, offering a combined land area of 2028sqm. With excellent street exposure and flexible use options, this is a premium offering with significant development upside.

Subject to council approval (STCA), the site has potential for up to 14 townhouses - an enticing prospect for developers seeking a well-located coastal project. Currently, both properties are leased on periodic tenancies, delivering immediate holding income with the flexibility to retain, reconfigure, or redevelop in the future.

Ideally suited for a wide range of commercial uses including medical consulting rooms, physiotherapy, dental practices, professional offices, or boutique retail. With on-site parking and practical internal layouts, the premises are ready for owner-occupiers or tenants seeking a high-exposure location.

Strategically positioned on a prominent corner directly opposite a bustling shopping centre - with IGA just across the road - and only moments from the Safety Bay foreshore, this location is surrounded by a vibrant mix of retail, hospitality, and professional services. Its proximity to Rockingham Shopping Centre and major arterial roads further enhances its appeal as a strategic coastal investment.

The total annual rental income from the ten tenancies at 63 Penguin Road is approximately $105,916.68.

The rental income for 65 Penguin Road is approx $2192.66 per month

Approximate council rates for 2024/2025:
• 65 Penguin Road: $2,750.00
• 63 Penguin Road: $10,984.00

Images and full site dimensions coming soon.

Whether you're a developer, investor, or business owner, this is a rare chance to secure a high-profile, income-producing site with long-term potential in one of Perth's most dynamic coastal growth corridors.