Sold
1-6/118 Ninth Avenue, Maylands WA 6051
Sold price: $1,850,000
Sold: 24 Aug 2024
Sold
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10 Bedrooms
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6 Bathrooms
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3 Cars
House
View
Unique Investment opportunity! 6 Unit Apartment Complex set on 1,012m2 on Inglewood Border.
Rare and Unique Investment Opportunity to secure this 6 apartment complex set in beautiful "Inglewood"! This Premium location is more Inglewood than Maylands and being just meters from the Inglewood Border. A combination of 2 bedroom and 1 bedroom apartments with immediate rental returns set on a versatile 1012 m2 site Zoned R40.
Make no mistake, this is a once in a lifetime opportunity!
Set on 1012m2 of Maylands land zoned R40, 118 Ninth Avenue is being offered for sale by Auction if not sold prior on the 24th August on site.
Ideally located within 5km to the Perth CBD and just a short walk from the hustle and bustle of the Beaufort street strip and Maylands train station and Eight Avenue Precinct, this is a rare opportunity to secure a large land holding with development potential generating rental returns whilst undergoing planning.
Overall Site
• Zoned R40
• 1012sqm in total
The details for 118 Ninth Avenue Maylands :
• Comprises of 6 units, including two 1 bedroom units, and four 2 bedroom units.
• All units can be leased (4 have current leases in place)
• All Units are individually Strata Titled .
Why invest here?
These properties present an incredible opportunity to secure a significant land holding in one of Perth's most desirable suburbs. Whether you're looking to hold and take advantage of the significant annual rental returns, or demolish and create a unique development in a highly desirable residential area, this ticks all the boxes. Contact us to find out the full potential annual earnings.
Location, Location, Location!
• Maylands Inglewood Location 400 meters from Beaufort Street and 300 Meters ( approx) from Maylands Train Station
• Mt Lawley Senior High School less than 2km |
• Local shops, restaurants, cafes, pharmacy all within walking distance on Beaufort Street and Whatley Eigth Ave Precinct 250m
To be Auctioned at Ray White Offices, 7 Cobbler Pl, Mirrabooka
Saturday 24th August at 1pm if not Sold Prior
What are you waiting for? Act NOW and give us a call.
Julyous Del Rosario - 0449 205 336 / David Whiteman - 0418 920 409
Disclaimer:
Although every effort has been taken to ensure the information provided for this property is deemed to be correct and accurate at the time of writing it cannot be guaranteed, reference to a school does not guarantee availability of that particular school, distances are estimated using Google maps. Buyers are advised to make their own enquiries as to the accuracy of this information.
Property features
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Carports
3
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Toilets
6
Property snapshot by reiwa.com
This property at 1-6/118 Ninth Avenue, Maylands is a ten bedroom, six bathroom house sold by Julyous Del Rosario and David Whiteman at Ray White Whiteman & Associates on 24 Aug 2024.
Looking to buy a similar property in the area? View other ten bedroom properties for sale in Maylands or see other recently sold properties in Maylands.
Nearby schools
Maylands overview
Maylands is a riverside inner-city suburb approximately 4.5 kilometres northeast of Perth, serviced by the Midland railway line on the northern bank of the Swan River. In 1896 the name "Maylands" was first used to identify the area, appearing on a poster advertising a land auction. However the exact reason how the area got its name is something of a mystery.
The suburb was once a source of clay for brick and tile making at Maylands Brickworks, and the pits from these activities are now part of a golf course and residential area. It was home to Perth's main airport until the early 1960s, and the facilities were converted to a training area for the Western Australian Police Service.
Life in Maylands
Maylands is known as a cultural and creative hub as it is home to The West Australian Ballet Centre and home to the WA Youth Jazz Orchestra. In recent years, new bars, cafés and restaurants, along with gourmet food and retail outlets have all contributed to an ongoing transformation of the town centre into a lively, diverse and inclusive destination. There are numerous shopping centres in the area, 15 parks and reserves and two primary schools.
Maylands quick stats
High end
$1.1m
Median
$860k
Low end
$661k
19.4 %
Annual growth
$860k
Annual median sales price
$695pw
Annual median rental price
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