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63 Electra Street
Williamstown, VIC 3016
$2,300,000 - $2,500,000
Overview
Expressions of Interest Closing Saturday, 23 May at 12:30pm
This property at 63 Electra Street in Williamstown offers exceptional development and investment potential, subject to council approval (STCA). Located in one of Williamstown's most sought-after and tightly held premier streets, it presents a rare opportunity to acquire a substantial landholding with versatile options for future use.
Set on approximately 500 square meters of prime residentially zoned land, the property currently functions as a well-established physiotherapy and podiatry practice. It holds a permit to operate the existing business, while also providing all the essential features of a spacious family residence.
The interior layout is flexible and includes three generously sized bedrooms and one bathroom. Multiple treatment or living zones are available, alongside a central reception area and a functional kitchen. The property also boasts expansive off-street parking capable of accommodating multiple vehicles, with space for up to eight cars.
This versatile setup allows for various possibilities: continuing the current medical use, converting the space back into a comfortable family home, or exploring redevelopment opportunities, subject to council approval. The property's potential is truly outstanding, offering a unique blend of commercial and residential benefits.
Strategically positioned just moments from Williamstown's renowned schools, shopping precincts, parklands, cafes, and the waterfront, this location combines lifestyle appeal with strong prospects for long-term capital growth. It is an ideal setting for those seeking a prestigious bayside suburb with excellent amenities and community facilities.
Overall, 63 Electra Street represents a rare chance to secure a high-exposure address with residential zoning and an existing permit for business use. The property offers exciting development scope and investment potential in one of the Inner West's most prestigious bayside suburbs. Opportunities of this nature are exceptionally hard to find, making this an outstanding proposition for developers, investors, or owner-occupiers looking for a unique and flexible property.
Location
Williamstown VIC 3016
Market Insights for Williamstown VIC 3016
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