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12 Burnley Street
Thornlie WA 6108

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 370m2
Land area: 1550m2
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Prime Development Block with Motel and Leaseback Option in Thriving District Centre

Seize this rare opportunity to acquire a prime 1,550sqm development block in a thriving district centre, offering immediate income and exceptional future potential. The property is situated in a Development Zone Centre and currently designated for Motel land use, featuring a recently renovated 11-room motel known for its high occupancy rates year-round, ensuring a steady and reliable revenue stream.
Strategically located within walking distance of popular restaurants, bars, shopping centres, and Thornlie Leisure World, this site is situated in a highly sought-after area. The existing structure occupies only one-third of the block, leaving ample room for further development or expansion.
Preliminary plans for a 3-storey apartment complex have already architect plans, showcasing the immense potential of this site. The sellers have proposed a leaseback arrangement for a term that suits all parties, allowing the property to be leased during the planning phase of any redevelopment or for an investor who wishes to maintain the property as it is.
Additionally, the sellers offer the buyer the opportunity to run or oversee the business as part of their due diligence for up to three months, included in the sales contract. If the buyer is not satisfied during this period, the contract can be terminated. With multiple access points and prime zoning, this property represents an outstanding investment opportunity for developers eager to capitalise on a high-growth area. Don't miss the chance to secure this prime piece of real estate!
Note that the property is for sale, not the business.
Contact Doreen Sharma or Brian McAllister today to learn more about this fantastic opportunity and schedule a viewing.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

Property Details for 12 Burnley St, Thornlie

Building Type
Commercial
Floor Size
370m2
Land Size
1550m2

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About Thornlie 6108

The size of Thornlie is approximately 11.6 square kilometres. It has 56 parks covering nearly 18.4% of total area. The population of Thornlie in 2011 was 22,964 people. By 2016 the population was 23,163 showing a population growth of 0.9% in the area during that time. The predominant age group in Thornlie is 30-39 years. Households in Thornlie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thornlie work in a trades occupation. In 2011, 76.9% of the homes in Thornlie were owner-occupied compared with 77% in 2016.

Thornlie has 9,730 properties. Over the last 5 years, Houses in Thornlie have seen a 110.05% increase in median value, while Units have seen a 112.11% increase. As at 31 December 2024:

  • The median value for Houses in Thornlie is $718,507 while the median value for Units is $498,649.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 55 properties listed for sale, and 14 properties listed for rent in Thornlie on OnTheHouse. According to CoreLogic's data, 373 properties were sold in the past 12 months in Thornlie.

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