6A McMaster Street
Victoria Park, WA 6100

Overview

6A McMaster Street, Victoria Park

This property presents a strategically located residential land asset at 6A McMaster Street, Victoria Park, positioned within a highly sought-after infill corridor. It offers a prime opportunity for luxury multi-residential development, serving as a cornerstone for future transformation in this prestigious area.

Situated at the intersection of lifestyle and commerce, Victoria Park is recognized as Perth's premier culinary destination, enhancing the appeal of this land parcel. The location supports the concept of walkable urbanism, which is a significant factor driving demand for high-end apartment living.

The land is zoned R80, providing substantial flexibility for high-density residential development, including the potential for multi-level apartment buildings, subject to council approval. There is also a proposed change in density coding from R80 to R-AC0 under the Albany Highway Precinct Structure Plan (AHPSP), pending approval by the Western Australian Planning Commission (WAPC), which could further enhance development possibilities.

Currently, the property includes an existing residential utility that generates immediate holding income, which can help offset planning and development costs. There is also significant potential for rental income increases in the future, making this an attractive investment opportunity.

The land area is approximately 584 square meters, offering ample space for a variety of residential development options. The strategic location, combined with the zoning and potential for increased density, positions this property as a valuable asset for developers and investors looking to capitalize on the growing demand for quality residential accommodation in Victoria Park.

Nearby amenities include a range of government and private schools, enhancing the appeal for families and residents seeking convenient access to education. The proximity to key transport routes and commercial hubs further adds to the desirability of this location.

Overall, this land parcel represents a unique opportunity to acquire a high-yield, strategically positioned residential site in one of Perth's most dynamic and evolving precincts. Its zoning, location, and existing income stream make it a compelling proposition for those looking to invest in or develop premium residential accommodation in Victoria Park.

Location