Call the Selling Agent Rana Traboulsi on 0410-148846 for more info.
This property represents a compelling investment opportunity.
Its substantial land size, strategic mixed-use zoning, and existing infrastructure offer investors the flexibility to develop a diverse range of projects. Whether looking to expand employee accommodation, create a new commercial space, or undertake a mixed-use development, this property stands out as a promising venture in Northam's vibrant business district.
Property Overview:
Land Size: 1,803 sqm
Mixed Use Zoning
Interior Space:
A) Church/Hall: 212 sqm
The interior space features a timber floor, ornate timber ceilings, and a dividing door.
Includes a rear section with men's and lady's toilets plus two separate storage areas with rear access.
Potential for refurbishment and expansion to suit various uses.
B) Rear Shed: Approx. 124 sqm
Has a concrete floor and power connected.
Provides additional storage or potential workspace.
The Investment Potential:
1)Versatile Development Options:
The Mixed Use zoning allows for a range of development possibilities, including commercial, residential, or a combination of both. Investors can reimagine the existing structures or develop new facilities to meet market demands.
2)Complementary to Adjacent Property (51 Wellington Street East)
The property's proximity to the guest house at 51 Wellington Street East, also for sale, opens up opportunities for integrated development projects. Combining both properties can create a substantial development site totalling 4,069 sqm, enhancing the potential for larger-scale projects.
3)Strategic Location:
Situated in Northam's growing commercial landscape, the property benefits from proximity to local amenities, transport links, and the bustling business hub of the town. This makes it an attractive option for various commercial and residential purposes.
4)Potential for Renovation and Modernization:
The existing Church/Hall structure, with its distinctive architectural features, offers a unique opportunity for renovation. Investors can modernize the interior while preserving its historic charm, creating a distinctive space for businesses or community use.
5)Additional Infrastructure:
The rear shed provides valuable additional space that can be utilized for storage, workshops, or converted into more functional areas, depending on the investor's vision.
Council rates: $2,321 p/a
Disclaimer
The Photos& information above are for general purpose
