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320 Canning Highway, BICTON, WA 6157

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320 Canning Highway, BICTON, WA 6157
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320 Canning Highway, BICTON, WA 6157

320 Canning Highway, BICTON, WA 6157

Properties / Sold / Western Australia / Bicton
Development Potential

1. Property Summary

Property Type
Mixed Use
Land Area
4,053 m² (*approx)
Selling Method
EOI: UNDER OFFER
Show All

2. Property Highlights

Reliable Residential Cash Flow
  • Reliable rental income
  • Zoned 'Mixed Use' R50
  • $468,000 current rental income

A rare opportunity to purchase an entire, two level complex of 36 one and two bedroom units 'in one line'. Known as Melville Gardens and located in the affluent and high performing suburb of Bicton, the group has remained fully leased for some time, providing 'future proofed' reliable and increasing cash flow.

With the Swan River 1km to the North and Cosmopolitan Fremantle 3km to the West, tenants enjoy the convenience of Melville Plaza Shopping centre 600m to the east and Bicton Central Shopping Centre 600m to the west, not to mention the King Leopold Hotel only 80m away.

Bus stop situated immediately in front of the complex providing a direct route into the Perth CBD.

Well maintained and with a substantial landholding, the complex features;

• 32 one bedroom units and 4 two bedroom units;

• 4,053sqm* flat and level land holding

• Current gross rental income of $468,000pa

• Rental income increasing

• Zoned 'mixed use' R50

• Group already strata titled

• Future development potential

For more information or to arrange an inspection please contact the agents:

Brett Wilkins

Ray White Commercial (WA)

M: 0478 611 168

E: brett.wilkins@raywhite.com

Stephen Harrison

Ray White Commercial (WA)

M: 0421 622 777

E: stephen.harrison@raywhite.com

*Approximate

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

1. Property Summary

Property Type
Mixed Use
Land Area
4,053 m² (*approx)
Selling method
EOI: UNDER OFFER

2. Property Highlights

Reliable Residential Cash Flow
  • Reliable rental income
  • Zoned 'Mixed Use' R50
  • $468,000 current rental income

A rare opportunity to purchase an entire, two level complex of 36 one and two bedroom units 'in one line'. Known as Melville Gardens and located in the affluent and high performing suburb of Bicton, the group has remained fully leased for some time, providing 'future proofed' reliable and increasing cash flow.

With the Swan River 1km to the North and Cosmopolitan Fremantle 3km to the West, tenants enjoy the convenience of Melville Plaza Shopping centre 600m to the east and Bicton Central Shopping Centre 600m to the west, not to mention the King Leopold Hotel only 80m away.

Bus stop situated immediately in front of the complex providing a direct route into the Perth CBD.

Well maintained and with a substantial landholding, the complex features;

• 32 one bedroom units and 4 two bedroom units;

• 4,053sqm* flat and level land holding

• Current gross rental income of $468,000pa

• Rental income increasing

• Zoned 'mixed use' R50

• Group already strata titled

• Future development potential

For more information or to arrange an inspection please contact the agents:

Brett Wilkins

Ray White Commercial (WA)

M: 0478 611 168

E: brett.wilkins@raywhite.com

Stephen Harrison

Ray White Commercial (WA)

M: 0421 622 777

E: stephen.harrison@raywhite.com

*Approximate

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential
Stephen Harrison
Stephen Harrison
+61 *** *** *** show +61 421 622 777
Brett Wilkins
Brett Wilkins
+61 *** *** *** show +61 478 611 168

Download Development Site Report
Stephen Harrison
Stephen Harrison
+61 *** *** *** show +61 421 622 777
Brett Wilkins
Brett Wilkins
+61 *** *** *** show +61 478 611 168

3. Property Location

320 Canning Highway, BICTON, WA 6157

Property Map
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4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
320 Canning Highway, BICTON, WA 6157 Bicton
RWC WA
RWC WA
Ground Floor12-14 The EsplanadePerth, WA 6000
View Agency Profile
Stephen Harrison
Stephen Harrison
+61 *** *** *** show +61 421 622 777
Brett Wilkins
Brett Wilkins
+61 *** *** *** show +61 478 611 168