Sold
2 Wotan Street, Innaloo WA 6018
Sold price: $830,000
Sold: 14 Dec 2021
Sold
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3 Bedrooms
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2 Bathrooms
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Landsize 933m2
House
View
Corner 933sqm* Development Block
West Coast Real Estate is proud to offer 2 Wotan Street Innaloo (corner Scarborough Beach Road and Muriel Avenue). An outstanding opportunity to secure a high profile gateway site ready for an astute investor/developer.
THE LOCATION
A gateway corner site to the Innaloo business district with over 23 meters frontage to Scarborough Beach Road and 15.83 meters to Muriel Avenue, this high profile site will provide sweeping district views across Herdsman Lake to the CBD.
THE OPPORTUNITY
Ready made for redevelopment utilising the current zoning which allows up to 3 storey building height, a holding income is in place to long term tenants. The dual street frontage to both Scarborough Beach Road and Muriel Avenue provides ease of access to the site.
IMPROVEMENTS
The current modest dwelling offers 3 bedrooms and 2 bathrooms, extensive outbuildings complete the property.
LAND DETAILS
Total land holding is 933m2. Frontage to Scarborough Beach Road 23.13 meters and Muriel Avenue 15.83 meters plus truncation.
ZONING
The City of Stirling advise that the property is located within the Scarborough Beach Road West Special Control Area and is zoned Residential 1 R-ACO. This allows a building height of up to 3 Storeys with a minimum of 2 Storeys.
DEVELOPMENT GUIDELINES
Height Limit - 3 Storeys
Residential - please ask for permitted uses
ASKING PRICE
Offers Invited.
Property snapshot by reiwa.com
This property at 2 Wotan Street, Innaloo is a three bedroom, two bathroom house sold by Toryn Crocker and Mark Cribbon at West Coast Real Estate on 14 Dec 2021.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Innaloo or see other recently sold properties in Innaloo.
Nearby schools
Innaloo overview
Innaloo is a mixed-use suburb 10 kilometres from Perth City. It is bound by Karrinyup Road to the north, Mitchell Freeway to the east, Scarborough Beach Road to the south and Huntriss Road to the west. Extensive development of Innaloo began in the 1940s, with many of the homes that stand today renovated or restored versions of the original heritage buildings.
Life in Innaloo
With the beach close by as well as major shopping and retail facilities, Innaloo provides an enviable mix of urban and suburban benefits. Westfield Innaloo Shopping Centre is a central fixture of the suburb and is a major retail and commercial centre within the Perth metropolitan area. Parks and walkways feature throughout as well as recreational facilities, primary schools and other smaller shopping facilities.
Innaloo quick stats
High end
$808k
Median
$730k
Low end
$650k
11.5 %
Annual growth
$730k
Annual median sales price
$700pw
Annual median rental price
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