131 Mills Street, Queens Park WA 6107

This property at 131 Mills Street, Queens Park, presents a prime development opportunity, particularly attractive for developers, investors, or land bankers seeking potential under the Queens Park Structure Plan. Sitting on a substantial corner block of 793 square metres with dual frontage to Mills Street and Centre Street, the site boasts superior flexibility for a variety of development outcomes subject to council approval (STCA). These include the possibility of multi-level apartments or a thoughtfully designed townhouse project, leveraging the R30/R60 zoning for increased density and potential growth.

The dual street frontage considerably enhances design possibilities by improving access and overall development efficiency. This added convenience helps maximize the use of the land, offering strong prospects for future upside in a growing and desirable suburb.

Currently, there is a well-maintained residence on the property which includes three spacious bedrooms and a well-appointed bathroom. The existing home layout provides functional living spaces, comfortable for tenants or owners in the meantime. The home also features a powered shed and a spacious backyard, further adding to its appeal and providing an opportunity for rental income to assist holding costs while development plans and approvals are finalized.

Key Existing Property Features:

• Three generously sized bedrooms
• One modern bathroom
• Functional layout with comfortable living areas
• Spacious backyard for outdoor activities or further development
• Powered shed facilitating storage or workshop use
• Potential rental income generation while final planning and approvals are underway

Development Highlights:

• Large 793sqm land parcel
• Corner location with dual street frontage (25.5m frontage to Mills Street and 19.6m frontage to Centre Street)
• R30/R60 zoning under the Queens Park Structure Plan providing increased density potential
• Suitable for townhouse or apartment-style development subject to council approval
• Height restrictions allowing for 2 to 3 storeys (minimum 6m, up to 9m)

Location Advantages:

Situated in a well-connected area of Queens Park, the property provides convenient access to key amenities and transport options which enhance its appeal:

• Approximately 700 metres to prominent educational institutions such as St Norbert College and St Joseph's School
• Around 850 metres to Queens Park Reserve, offering green open spaces
• Close to Queens Park Train Station at approximately 1.2 kilometres
• About 3.4 kilometres to Westfield Carousel, a major shopping destination
• Approximately 8.3 kilometres from Perth Airport
• Situated roughly 10 kilometres from the Perth Central Business District

The property also benefits from easy connectivity to major roads including Welshpool Road, Leach Highway, and Albany Highway, ensuring seamless travel across Perth and environs.

This rare offering represents a strategic investment location with high potential for development in a suburb experiencing growth and increasing demand. It offers an excellent opportunity to secure a corner development site in a sought-after locale with strong future prospects.

Potential buyers are encouraged to carefully consider this exceptional site and its opportunities for immediate holding income through the existing residence and longer-term value through proposed developments.

Please note that all information provided is indicative only and buyers should undertake their own independent inquiries and due diligence to verify details prior to purchasing.