2/42 Terrace Road, East Perth WA 6004
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New
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2 Bedrooms
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2 Bathrooms
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2 Cars
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Landsize 407m2
Other
Added today
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Rare Triple-Level Opportunity: Luxury Residential Meets Premium Commercial
Redefine your work-life balance with this extraordinary three-story residence at 2/42-52 Terrace Road. Nestled within the prestigious Panorama Luxury Apartments, this property offers a unique dual-purpose configuration: a high-exposure Commercial Unit on the Ground Floor and a sophisticated Two-Story Residential Sanctuary above.
Whether you are an entrepreneur looking to house your business and family under one roof, or a savvy investor seeking a dual-income stream in a blue-chip location, this property is a standout in the East Perth market.
The Layout: 3 Levels of Versatility
- Ground Floor (Commercial): A professional, street-front commercial space with excellent visibility. Perfect for a boutique office, consultancy, or creative studio, providing a prestigious Terrace Road business address.
- First Floor (Residential Living): Ascend to the heart of the home, featuring a spacious open-plan kitchen and dining area. This level transitions seamlessly to a massive private terrace-ideal for grand-scale entertaining overlooking Langley Park.
- Second Floor (Private Quarters): The top level is dedicated to rest and privacy, housing the master suite and additional bedrooms, ensuring a peaceful separation from the work and social zones below.
The Panorama Lifestyle
Residents and clients alike will be impressed by the world-class amenities provided by the building:
- Level 18 Rooftop: Take in 360-degree views of the Swan River and Kings Park from the 25m heated lap pool, spa, and sauna.
- Fitness & Leisure: Access a state-of-the-art gym, a resident's lounge for meetings, and BBQ facilities.
- Peace of Mind: Professional on-site concierge, secure building management, and two dedicated side-by-side car bays.
The Investment Edge
In a market where space is a luxury, this "Live/Work" hybrid offers incredible flexibility. Freshly updated with new carpets and paint, it is ready for immediate occupation or high-yield leasing.
Essential Information
- Type: Mixed-Use (Commercial Ground + Residential 1st & 2nd Floors)
- Council Rates: $4,217.30 per annum
- Strata Fees: $3,087.60 per quarter
- Water Rates: $484.70 bi-monthly
- Parking: 2 Secure side-by-side car bays
- Climate: Ducted air-conditioning throughout
Don't miss out on this opportunity. Contact the agents today to arrange an inspection or request further information:
Nick Chua - 0425 545 105 - [email protected]
James Low - 0421 630 279 - [email protected]
Property features
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Below ground pool
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Dishwasher
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Garages
2
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Built in wardrobes
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Balcony
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Alarm
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Gymnasium
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Outside spa
Property snapshot by reiwa.com
This property at 2/42 Terrace Road, East Perth is a two bedroom, two bathroom property listed for sale by Nick Chua and James Low at CC Property Advisory Australia.
For more information about East Perth, including sales data, facts, growth rates, nearby transport and nearby shops, please view our East Perth profile page.
If you would like to get in touch with Nick Chua or James Low regarding 2/42 Terrace Road, East Perth, please call Nick on 0425 545 105 or call James on 0421 630 279, or contact the agent via email.
Cost breakdown
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Council rates: $4,217 / year
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Water rates: $2,908 / year
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Strata fees: $3,087 / quarter
Nearby schools
East Perth overview
A tranquil waterside village, East Perth is situated less than two kilometres from the Perth city hub. Admired for its beautiful residential landscapes, the idyllic riverside suburb has long since set the benchmark for inner-city living. East Perth provides a bustling urban lifestyle against a picturesque backdrop.
Life in East Perth
There are eateries, sporting venues, pubs and evening venues all accessible within East Perth. The iconic Royal Street is home to some of the best brunch spots in Perth and there is The Royal on The Waterfront, a much loved pub, restaurant and cocktail bar. The WACA, the home of cricket in Western Australia, is also a feature of the suburb and hosts some of the biggest games in cricket every year. Other notable mentions include the Perth Mint, Claisebrook Cove and City Farm.
East Perth quick stats
High end
$2.3m
Median
$1.9m
Low end
$1.6m
16.5 %
Annual growth
$1.9m
Annual median sales price
$780pw
Annual median rental price
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