East Victoria Park WA 6101

Redevelopment opportunity with strong income...

For sale via Expressions of Interest.

Opportunity awaits with this unique offering of this Green Title property on 706sqm of land area, in the thriving suburb of East Victoria Park, providing strong income while offering various opportunities for redevelopment in a sought-after hub within 5kms of the Perth CBD.

Current gross income is circa $330,000pa.
Net Income Circa $215,000pa
Provides a NET YIELD of around 8.0%

The property includes…
- 706sqm site area
- Currently operating as short-term accommodation
- 14 rooms across 2.5 floors
- Mix of single and double rooms
- 100% occupancy

63 Etwell Street has been consistently in high demand from students with proximity to public transport routes, Curtin University, the Vic Park precinct, and the Perth CBD. The premises include a common lounge, dining, kitchen, bathroom and laundry facilities. Secure car parks are also located at the property.

Zoned Local Centre, these three properties have a plethora of uses available to them including…

Permitted Uses:
Child Care Premises, Consulting Rooms, Educational Establishment, Fast Food Outlet, Home Office, Liquor Store-Small, Lunch Bar, Office, Place of Worship, Restaurant/Café.

Discretionary Uses:
Amusement Parlour, Art Gallery, Betting Agency, Car Park, Civic Use, Commercial Vehicle Parking, Community Purpose, Convenience Store, Exhibition Centre, Grouped Dwelling, Home Business, Home Occupation, Home Store, Hospital, Market, Multiple Dwelling, Reception Centre, Recreation - Private, Residential Building, Serviced Apartment, Service Industry, Service Station, Shop, Single House, Small Bar, Telecommunications Infrastructure, Veterinary Centre.

For grouped or multiple dwellings development, the designated density under the East Victora Park Precinct 12, is R30.

Information Memorandum is available upon request. Please contact James via the email option for a prompt response.

Location Features:
- Surrounding population of 36,889 ppl
- Bus stops directly fronting the properties
- 1km to Curtin University
- 1km the Vic Park Precinct
- 2km to Waterford Plaza
- 3km to Swan River
- 4km to Crown Perth and Optus Stadium
- 5km to Perth CBD
- 7km to Perth Airport