FOR SALE
EOI closing Fri 28 June 2024 at 4pm AWST

176 - 178 Swansea Street
East Victoria Park WA 6101

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2750m2
Land area: 9454m2
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Unlock the potential: Substantial development site with holding income

RWC WA proudly presents a golden opportunity to secure a rare development site, offering a multitude of potential development options, just 6km* from Perth CBD.
This exceptional property comprises two adjoining lots boasting a total land area of 9,454sqm. With a combined frontage of 94.93sqm* to Swansea Street East and 83.99sqm* to Milford Street and a rectangular shape featuring a sloping topography from west to east, this prime site offers an array of development opportunities.
Additionally, the property benefits from an attractive holding income from multiple tenants on short term leases.
Property features include:
• Area 9,454sqm
• Holding Income $343,911*
• Dual street frontages
• 500m* from the METRONET Oats Street Train Station
• Current re-zoning underway to expand development options
• Potential uses include - medical, residential, retail and childcare
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Property Details for 176 - 178 Swansea St, East Victoria Park

Building Type
Commercial
Floor Size
2750m2
Land Size
9454m2

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About East Victoria Park 6101

The size of East Victoria Park is approximately 3.9 square kilometres. It has 19 parks covering nearly 8.1% of total area. The population of East Victoria Park in 2011 was 9,031 people. By 2016 the population was 10,076 showing a population growth of 11.6% in the area during that time. The predominant age group in East Victoria Park is 20-29 years. Households in East Victoria Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Victoria Park work in a professional occupation. In 2011, 53.9% of the homes in East Victoria Park were owner-occupied compared with 55.4% in 2016.

East Victoria Park has 5,925 properties.

    There are currently 30 properties listed for sale, and 11 properties listed for rent in East victoria park on OnTheHouse. According to CoreLogic's data, 268 properties were sold in the past 12 months in East victoria park.

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    Michael Milne
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    Stephen Harrison
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    RWC WA
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