High Rise Development Site
Unique property comprising two buildings, consisting a medical premises and a spacious four bedroom home. The owner has operated his chiropractic practice from the site for the past 30+ years and renovated to present a professional commercial faade to Ullapool Road. The home is a completely separate dwelling, which is tidy and well maintained. It has a separate kitchen, two large living areas, four bedrooms, two bathrooms, an outdoor entertainment area, a double carport and a single garage.
The property is located across two strata titled lots totalling 1029m2, which are zoned for mixed use, high density development. The owner is prepared to sell the property with a lease in place fixed at $80,000 per annum. The owner originally obtained permission to operate the practice as a home business and this approval is still in place. The business is also being offered for sale as a separate transaction.
This property is zoned M10 within the Canning Bridge Activity Centre mixed use zone, which enables development up to 6 storeys high. The Canning Bridge Activity Centre is located on the Swan and Canning Rivers, less than 8km from the Perth CBD, with direct road, rail, walking and cycling access. It is forecast to double in population within 10 years, and attract five times as many residents by 2051. This particular property is located right in the centre of the mixed use zone, on Canning Highway, amidst other existing commercial. Only 150 metres away, there is a brand new Woolworths supermarket and medical centre under construction. Option to purchase adjoining property exists which increase use and also has great holding income options.
More information on the overall strategic vision for this unique area is available here: https://www.melvillecity.com.au/our-city/future-vision/canning-bridge-activity-centre-plan
This is an opportunity not to be missed.
There is Full IM Available on request subject to confidentiality agreement.
Phone/SMS Kim Turner on 0423 089 439 or email firstname.lastname@example.org
Type : Other
Size : 1029 sqm