10/182-184 Middleton Road

Mira Mar WA 6330

This unique 887 sqm site offers an outstanding opportunity for those wanting to cash in on Albany's burgeoning demand for holiday accommodation. Almost adjacent to historic Strawberry Hill Farm and situated only four minutes' drive from glorious Middleton Beach in one direction and the CBD in the other, it's ideally located for easy access to tourist attractions and amenities.
Lot 10 is the remaining undeveloped plot within a residential strata scheme approved for use as short stay holiday accommodation. The 9 established 2x1 brick & Colorbond units within the complex are very neat, well maintained, and enjoying fantastic occupancy and net returns. The current owner of the vacant land for sale has plans to share for the construction of 3 double keyed units (each with 2 bedrooms, 2 bathrooms) and a disability friendly 2x1 unit that will fit within the site, including the required allowance for parking. However, other options for an entrepreneurial investor to consider are a Bed and Breakfast or Guest House. Taking advantage of the potential to build two storey will enable the developer to reap greater rewards with the creation of either a greater number of lettable units or larger building sizes.
Currently covered in lawn and with a number of established trees surrounding the perimeter of the site, providing a leafy canopy, the block overlooks a lake and is within a very picturesque setting. Positioned well back from the road and tucked away behind the existing units, the location is very quiet and peaceful, ideal for holiday guests wanting a relaxing place to unwind in between exploring all that the south coast has to offer.