227 Grand Promenade
Doubleview, WA 6018

Overview

227 Grand Promenade, Doubleview

This property presents a unique opportunity located within the Scarborough Beach Road West Special Control Area, currently zoned R60 Mixed Use. It occupies a premium corner position overlooking the intersection of Scarborough Beach Road and Grand Promenade in Doubleview, directly opposite the Doubleview shopping precinct and other established commercial sites along Scarborough Beach Road.

The land parcel is a 356 square meter Survey-Strata Title block situated at the corner of Grand Promenade and Brodie Lane. Preliminary plans have been prepared for two brand new properties, both featuring laneway frontage, offering excellent development potential.

Included on the site is a timber frame fibro and tile house built around 1948, currently leased on a periodic basis, providing flexibility for the new owner to either continue leasing or occupy the home. The residence is modest yet comfortable, featuring high ceilings and original Jarrah timber floorboards that add character and warmth.

The home comprises three spacious bedrooms, with built-in robes in the master bedroom and a walk-in robe in the second bedroom. One of the bedrooms serves as a sleepout. The living areas are open plan, combining the lounge, dining, and kitchen centrally within the home, creating a functional and inviting space.

Additional features include four split system air conditioners distributed throughout the home, ensuring comfort in all seasons. The bathroom is equipped with a vanity, a free-standing shower, and a separate toilet. Parking is ample with space for two cars at the front and side gated access to the rear of the property.

The property is currently leased at $450 per week on a periodic lease, presenting a solid investment opportunity. Estimated rental returns as a vacant medium to long-term rental are projected to be between $650 and $700 per week.

Key highlights of the property include:

• Fibro character home with high ceilings and Jarrah timber floors.
• Open plan lounge, dining, and kitchen area.
• Three spacious bedrooms, including a sleepout.
• Four split system air conditioners throughout the home.
• Bathroom with vanity, free-standing shower, and separate toilet.
• Ample parking with gated side access.
• 356 sqm land size with Survey-Strata Title.
• Estimated building size of 125 sqm.
• Located in the City of Stirling.
• Excellent development potential with preliminary plans for two new properties.

This property offers versatility for living, leasing, working, or development, making it an attractive prospect for a range of buyers. The owners are motivated to sell and invite all offers to be presented.

Disclaimer: The information provided is indicative of sizes and potential only. Prospective buyers should conduct their own due diligence and verification.

Location