SOLD
Sold on 01 Dec 2023 for $4,000,000

89 Eighth Avenue
Maylands WA 6051

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1257m2
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Sold By
Roxanne Armitage
Wright Real Estate Scarborough
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Property Details for 89 Eighth Ave, Maylands

Building Type
Commercial
Land Size
1257m2
Local Government
Bayswater
Lot/Plan
9/D040576

Last Listing description (February 2024)

New to the market.

Any astute developer will snap this up. Maylands is a peninsular surrounded by the Swan River with beautiful parks and views to the city. It's definitely one of Perth's most sought after suburbs.

This large corner site offers you versatility with regards to what you build because of the special zoning. Mixed use commercial / residential; Zoned 'Maylands Activity Centre, Special Control Area 1, RAC0' in terms of the City of Bayswater Town Planning Scheme No. 24 (TPS 24). To receive a copy of this please contact the Bayswater council). Should you require further clarification, please visit the Baywater council website: www.bayswater.wa.gov.au

There are three lots in total, as follows:
89 Eighth Avenue, Maylands (1,257sqm)
73 Eighth Avenue, Maylands (433sqm)
172 Whatley Cresent, Maylands (592sqm)
Total Land Area: 2,282sqm

The three property lots listed above will be sold as one, they will not be sold separately.

These are the last blocks that are not heritage listed on Whatley Crescent, so this will allow you to have uninterrupted city views from most floors should you decide to build. This popular location is extremely attractive for buyers, nestled opposite the train station which makes access to the city and airport so easy. Also at your fingertips are cafs, restaurants, wine bars and many shops.

At the moment there is the following periodic tenancies:
IGA
Newsagent
2x Restaurants
Hairdressing Salon
Wilson Carpark

This is a sensational location and an absolutely golden opportunity, so very unique and rare that no more opportunities to buy land like this are likely to come up again in Maylands.

Reasonable offers considered!

Call Roxanne Armitage today on 0427 377 226 or email roxanne@wrightre.com.au

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. The property is sold in as is condition and no changes or improvements will be made by the Seller before settlement.

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Property History for 89 Eighth Ave, Maylands, WA 6051

A timeline of how this property has performed in the market
Last Sold
$4,000,000
01 Dec 2023
  • 01 Dec 2023
    Sold for $4,000,000
  • 15 Nov 2023
    Listed for Sale Expressions of Interest

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About Maylands 6051

The size of Maylands is approximately 5 square kilometres. It has 18 parks covering nearly 30.3% of total area. The population of Maylands in 2011 was 12,353 people. By 2016 the population was 12,577 showing a population growth of 1.8% in the area during that time. The predominant age group in Maylands is 30-39 years. Households in Maylands are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Maylands work in a professional occupation. In 2011, 45.8% of the homes in Maylands were owner-occupied compared with 47.9% in 2016.

Maylands has 8,406 properties. Over the last 5 years, Houses in Maylands have seen a 72.14% increase in median value, while Units have seen a 84.26% increase. As at 31 October 2024:

  • The median value for Houses in Maylands is $970,041 while the median value for Units is $494,274.
  • Houses have a median rent of $760 while Units have a median rent of $510.
There are currently 72 properties listed for sale, and 13 properties listed for rent in Maylands on OnTheHouse. According to CoreLogic's data, 524 properties were sold in the past 12 months in Maylands.

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