Rare Albany Highway Investment Opportunity!

Highlights

• 413sqm Green Title Site
• 600sqm of Improvements
• Flexible "District Centre" Zoning

Description

274 Albany Highway presents a rare opportunity to secure a freehold "Green Title" site in the tightly held Albany Highway Precinct. Situated only 4kms from the Perth CBD and 3.5kms from the Crown Hotels the property enjoys a prime location with excellent exposure from Albany Highway.

The property has a land area of 413sqm with an approximately 10m Albany Highway frontage and rear Right Of Way access. Improvements comprise a substantial 600sqm building with front shop, rear warehouse parking and upper mezzanine floor.

274 Albany Highway is situated within a flexible "District Centre" zone under the Town of Victoria Park Planning Scheme No.1. With Potential for future high-density development with a 12 storey height limit under the proposed new Planning Scheme No.2.

The property is currently leased on a 3-year term having commenced 1st January 2022, with two 3-year option terms to follow.

The property is open for Offers until Close of Business Friday 17th May 2024.

Don't miss this fabulous store of wealth with holding income!