OFF MARKET

2-3/487 Marmion Street
Myaree WA 6154

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1600m2
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Property Details for 2-3/487 Marmion St, Myaree

Building Type
Land
Land Size
1600m2
Local Government
Melville

Last Listing description (June 2020)

The subdivision has been recently completed with Titles to be issued by June 2019. This offers the buyer the opportunity to secure this property with an extended settlement period to early 2019.

Secure your site and plan your development while you wait for the titles.

Located in the heart of the tightly held Myaree Commercial District.

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Lot 151 - Asking $2,100,000 Plus GST - $787psm
2669sqm with 25.46 Meter Frontage to Marmion Street. 104 meters deep with access to 6 meter wide R.O.W to Malland Street.
This lot comes with 2 older style warehouse sheds at the rear of approx 540sqm providing rental income.
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Lot 152 - Asking $1,450,000 Plus GST - $906psm
1600sqm with 23.27 Meter Frontage to Marmion Street. 68.77 meters deep with access at the rear of the lot to 6 meter wide R.O.W to Malland Street.
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Lot 153 - Asking $1,450,000 Plus GST - $906psm
1600sqm with 23.27 Meter Frontage to Marmion Street. 68.77 meters deep with access at the rear of the lot to 6 meter wide R.O.W to Malland Street.

Combine Lot 152 and 153 to create 3200sqm landholding with 46.54 Meter frontage to Marmion Street with rear R.O.W access to Malland Street.
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Lot 154 Corner Site - Asking $2,200,000 Plus GST - $956sqm
2300sqm with 33.84 Meter Frontage to Marmion Street and 68.77 meters frontage to Malland Street with access at the rear of the lot to 6 meter wide R.O.W to Malland Street.
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Site plans available on request.

Under the current town planning scheme (TPS No 6) established in May 2016 the property is zoned Service Commercial which allows a plot ratio of 1 and a building height standard of 13.5 Metres overall.

Note the definitions have been extracted from the City Of Melville Town Planning Scheme and any interested party should make their own enquires to the City of Melville to satisfy themselves of current and potential permitted use and potential for redevelopment.

Call me today to discuss this rare opportunity and express your interest.
Torrin Minutillo - 0417 171 164
or email me from this page.

Looking for the most trusted opinion to Lease or Sell your property - give me a call. We are keen for new business.

Property History for 2-3/487 Marmion St, Myaree, WA 6154

A timeline of how this property has performed in the market
  • 23 Oct 2019
    Listed for Sale $1,450,000 Plus GST - $906psm

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About Myaree 6154

The size of Myaree is approximately 1.3 square kilometres. It has 10 parks covering nearly 7.4% of total area. The population of Myaree in 2011 was 1,896 people. By 2016 the population was 1,944 showing a population growth of 2.5% in the area during that time. The predominant age group in Myaree is 40-49 years. Households in Myaree are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Myaree work in a professional occupation. In 2011, 72.9% of the homes in Myaree were owner-occupied compared with 73.5% in 2016.

Myaree has 1,403 properties. Over the last 5 years, Houses in Myaree have seen a 66.06% increase in median value, while Units have seen a 63.68% increase. As at 31 August 2024:

  • The median value for Houses in Myaree is $1,171,797 while the median value for Units is $581,353.
  • Houses have a median rent of $800 while Units have a median rent of $425.
There are currently 7 properties listed for sale, and 1 property listed for rent in Myaree on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Myaree.

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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.