115 Brown Street, East Perth, WA 6004

Discover a one-of-a-kind mixed-use masterpiece perfectly positioned just moments from the picturesque Claisebrook Cove and the vibrant Royal Street cafe strip. This rare property, originally constructed in 2004 offers a unique and versatile floor plan, designed to cater to the needs of astute buyers seeking both flexibility and premium lifestyle options.

Boasting the potential for up to three income streams, this property seamlessly blends residential and commercial spaces, making it an ideal choice for investors and business owners. Whether you're looking for a stylish home, a profitable business hub, or a combination of both, this exceptional property provides the ultimate in convenience, character, and potential.

With its prime location, spacious design, and built-in investment benefits, this is an opportunity that should not be missed.

ENDLESS POSSIBILITIES

- Family Living: Utilize the entire 220sqm dwelling as a spacious and elegant home for your growing family.

- Passive Income: Live in the main residence while renting out the street-front office and/or the trendy rear studio apartment.

- Home & Business: Reside in the main home, operate your business from the street-front office, and lease the rear studio for added income.

- Investment Potential: Maximize your returns by renting out all three premises for exceptional cash flow.

This exclusive property features three distinct spaces on one title: two residences and one office space, combining for an impressive total area of 220m2 approx

Set on a 159m2 green-title block, it also includes secure parking for 2 vehicles via a rear right of way (ROW) and one on street parking permit,

MAIN TWIN LEVEL RESIDENCE

Experience stylish living in this thoughtfully designed space, featuring:

- Open-Plan Elegance: The heart of the home is a gourmet kitchen with gas cooking, ample storage, and a central island with breakfast bar. It seamlessly connects to dining and living areas that open onto front balcony.

- Luxury Features: Double glazing, timber flooring, a study nook, and a powder room and laundry for ultimate convenience.

- Private Retreat: The upper level boasts an indulgent master suite with a spa bath, twin designer vanities, floor-to-ceiling tiling, double glazing and a private balcony.

- Additional Perks: Split system air conditioners, attic storage, and bright, airy spaces throughout.

- Rental Potential: $700 per week furnished.

FUNKY REAR STUDIO APARTMENT

Perched above the garage, this trendy 1-bedroom, 1-bathroom apartment with a mezzanine floor offers complete flexibility. Ideal as a teenager's retreat, guest accommodation, artist's studio, or rental property, it's entirely self-contained and separate from the main residence.

- Rental Potential: $550-$600 per week furnished.

STREET-FRONT OFFICE SPACE

With its own direct access, this versatile office space 65m2 is ideal for running your business or earning additional rental income. It includes:

- Functional Layout: Open-plan area with two rooms, a kitchenette equipped with gas cook top, dishwasher, sink, storage, bathroom.

- Outdoor Appeal: Sliding doors open to a north-facing terrace and garage access.

- Rental Potential: Currently leased for $550 per week.

EXCEPTIONAL RENT POTENTIAL!

Fully leased, this property is estimated to generate a gross rental income of $80,000 - $85,000 annually, making it a compelling investment opportunity.

- Water Rates: $1822.14 p.a.

- Shire Rates: $2824.05 p.a.

SEIZE THIS RARE OPPORTUNITY

Whether you're looking for a stunning family home, a savvy investment, or a unique mixed-use property to live in and generate income at the same time, this is a must-see! The possibilities are endless, and the location is unbeatable.

CONTACT US TODAY.

To explore this extraordinary property and its potential, get in touch with inner-city expert Claude Iaconi from Edison Property:

- Phone: 0412 427 877

- Email: [email protected]

Don't miss your chance to own this exclusive gem in a premium location.

Enquire now and make it yours!