153-159 Walter Road, Dianella WA 6059

Prime Development Opportunity

Highlights

• Freehold Land with Development Potential
• Dual Street Frontage
• 354sqm + 354sqm

Metway Real Estate is pleased to present two separate lots 153-155 Walter Road, Dianella & 157-159 Walter Road, Dianella for sale.

153 - 155 Walter Road, Dianella From $900,000
157 - 159 Walter Road, Dianella From $900,000

Available Separately or Together

These two prime street-front freehold retail premises with frontage to both Walter Road West and Lynas Lane have a combined land content of 708sqm that is exceptionally positioned close to the intersection of Walter Road and Coode Street.

Zoning under LPS3 Scheme is currently ‘Local Centre’ but will change to ‘Neighbourhood Centre – RCode R80’ under the proposed LPS4 Scheme offering substantial development potential and a wide range of potential uses.

153-155 Walter Road West, Dianella:
• Single storey retail premises divided into 2 shops with a total lettable area of 123 sqm.
• Current Net Income $31,560 P.A.
• Land Area 354sqm
• Lettable Area 123sqm
• Asking Price $900,000

Rates & Taxes:
Shire Rates $2,576 p.a.*
Water Rates $1,604 p.a.*
Land Tax $372 p.a.*
Insurance $3,119 p.a.*

157-159 Walter Road West, Dianella:
• Single storey retail premises divided into 2 shops with a total lettable area of 148 sqm.
• Current Net Income $35,945 P.A.
• Current lease expires in 2024 plus further options
• Land Area 354sqm
• Lettable Area 148sqm
• Asking Price $900,000

Rates & Taxes:
Shire Rates $2,706 p.a.*
Water Rates $1,607 p.a.*
Land Tax $372 p.a.*
Insurance $3,848 p.a.*

Prime development opportunity.

For further information or to arrange an inspection, please contact:

Eric Rogers
M: 0412 228 555
E: [email protected]

Nikola Treichl
M: 0430 136 063
E: [email protected]