SOLD
Sold on 09 Dec 2023 for $4,800,000

26 Stanford Way
Malaga WA 6090

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 6046m2
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Property Details for 26 Stanford Way, Malaga

Building Type
Land
Land Size
6046m2
Local Government
Swan
Lot/Plan
39/P013931

Last Listing description (February 2024)

Welcome to 26 Stanford Way, Malaga! This remarkable property offers a unique opportunity for those seeking a prime land/development opportunity in this highly sought-after location. With a generous land area of 4546 sqm and a substantial building area of 939 sqm, this property holds immense potential for a wide range of uses. Located close to Alexander Drive with easy access.Situated in the heart of Malaga, this property boasts a strategic location that is ideal for both commercial and residential development. Whether you're looking to build your dream home, establish a thriving business, or embark on a lucrative investment venture, this property is sure to exceed your expectations.The spacious land area provides ample room for creative design and development, allowing you to bring your vision to life. With its versatile zoning, the possibilities are endless - from retail spaces, offices, or even a multi-unit residential complex, the choice is yours.The existing building on the property offers a solid foundation for further enhancement or redevelopment. With a building area of 939 sqm, you have the option to renovate and repurpose the existing structure to suit your specific needs or start fresh with a blank canvas.Located in a highly desirable area, this property enjoys close proximity to a wealth of amenities, including shopping centers, schools, parks, and transport links. The vibrant community of Malaga offers a thriving business environment, making it an attractive destination for both locals and visitors alike.The price guide for this exceptional property starts from $3.9 Million, presenting an incredible opportunity for astute buyers looking to secure a valuable asset in a rapidly growing area. Don't miss out on the chance to make your mark on this prime piece of real estate.Contact us today to arrange a private inspection and explore the endless possibilities that await at 26 Stanford Way, Malaga. Act now and seize this rare opportunity to secure your future in one of the most sought-after locations in town.LAND AREA:Total Land area 4,546 m2BUILDING AREA:Total Building area 939m2, comprising of:- 435m2 office/showroom- 115m2 showroom- 109m2 cafe/lunch bar- 155m2 warehouse- 125m2 workshopsPlus 3,607 m2 of land with parkingPROPERTY FEATURES:- Two separate showrooms- Lunch bar/ Kitchen- Partitioned offices, lunch room and amenities- Warehouse- Undercover Display/warehouse- Workshops/sheds- Undercover parking bays- Concrete rear yard and ample handstand- Bitumen car bays- Fully fenced with three entry crossovers*Development Potential is subject to buyers independent advise and subject to Council Approvals.

Property History for 26 Stanford Way, Malaga, WA 6090

A timeline of how this property has performed in the market
Last Sold
$4,800,000
09 Dec 2023
  • 23 Feb 2024
    Listed for Sale Price on Application
  • 09 Dec 2023
    Sold for $4,800,000
  • 08 Aug 2023
    Listed for Sale Offers from $3.9 Million
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About Malaga 6090

The size of Malaga is approximately 6.6 square kilometres. It has 7 parks covering nearly 8.1% of total area. The population of Malaga in 2011 was 15 people. By 2016 the population was 3 showing a population decline of 80.0% in the area during that time. The predominant age group in Malaga is 50-59 years. Households in Malaga are primarily couples with children and are likely to be repaying $1800 - $2000 per month on mortgage repayments. In general, people in Malaga work in a trades occupation..

Malaga has 2,952 properties. Over the last 5 years, Houses in Malaga have seen a 118.68% increase in median value, while Units have seen a 86.83% increase. As at 30 September 2024:

  • The median value for Houses in Malaga is $541,868 while the median value for Units is $383,039.
There are currently 10 properties listed for sale, and 10 properties listed for rent in Malaga on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Malaga.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.