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Mixed Use
971 Albany Highway, East Victoria Park, WA, 6101

Property details

  • Property ID:
    14772
  • EOI:
    Contact Agent
  • Area:
    684.00 m2 (*approx)
  • Type:

    Mixed Use:

  • Development Potential:
    Mixed Use Development Opportunity (STCA)
Agency information
Ray Cafini
Darcy Glynn

Overview

UNIQUE PROPERTY! MULTIPLE OPTIONS!
 
A brand new 3 storey commercial/residential complex PLUS a rear 4 bedroom, 2 bathroom character house on a 565m2 development site zoned R80 and with a dedicated access road and 8 unit development potential.
 
This high exposure site comprises a total of 684m2 land area and the R80 mixed use zoning has been partly utilised with the property offering further potential and options sure to appeal to the astute investor looking to reap the benefits of long-term capital growth.
 
This is a unique opportunity to acquire prime development land with the added bonus of new commercial and residential component in the ever-popular East Victoria Park precinct.
 
Set in the East Victoria Park Café and Business strip on Albany highway, perfectly positioned next to the beautiful Edward Millen Reserve Park and only a short stroll to Oats Street Train Station, this exciting opportunity offers multiple options including :-
 
GROUND FLOOR
60m2 ground floor retail tenancy including expansive window and door frontage, 16sm2 of storage, kitchenette, disabled bathroom facility and further side door access. Total of 87m2 net lettable area.
 
FIRST FLOOR
Large 1 bedroom, 1 bathroom apartment with open plan living, dining and kitchen, huge 36m2 balcony, separate laundry area and linen storage. Total residential area of 107m2 including storeroom.
 
SECOND FLOOR
Large 1 bedroom, 1 bathroom apartment with open plan living, dining and kitchen, huge 36m2 balcony, separate laundry area and linen storage. Total residential area of 107m2 including storeroom.
 
REAR LOT
565m2 of development land zoned R80 with an existing substantial renovated 4 bedroom, 2 bathroom home oozing character and with 166m2 of living area, hardwood flooring, chef’s kitchen,
4 car garage, grassed backyard and water feature.
 
PROPERTY SUMMARY
  • High rise development potential 565m2 private lot with dedicated rear lane access
  • New commercial retail tenancy with excellent returns potential as a leased investment
  • Two first class, high specification residential apartments with excellent income potential
  • Unique and appealing 4 bedroom, 2bathroom character home on R80 development lot
  • Total of 684m2 of land area with almost 470m2 of building area
  • Choice of leasing all 4 properties with long term development strategy
  • Lease the 3 new properties and develop the rear of the lot into 8 further properties
For further details on this totally unique and intriguing property, contact the selling agents.

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