75-77 Great Northern Highway, Midland, WA 6056

1ST TIME OFFERED!

Outstanding Opportunity

Original Residence with 'Double Shop Front'

Versatile Property - Future Development Potential

This is a superb opportunity for those looking to acquire a property with the potential to be utilised in a myriad of various ways from that of a residence with the family run business operating out of the front (instantly appealing if you would love to work close to home), a pure investment opportunity holding a sizable chunk of land that can be tweaked to become a decent income producer (think 2 shops and a separate rental property) to that of a full blown future residential development site under the R60 zoning!

If you are a business owner, an entrepreneur or a hobbyist of any kind this property will most certainly appeal to you with a plethora of usage options for this large original 1/4 acre lot - heaps of parking too.

Blessed with oversized bedrooms and decent sized living areas this spacious residence is able to cater for a variety of family arrangements or even the possibility of 2 separate families running 2 separate businesses (food for thought there as well).

The Residence:

- Huge 4m x ~4m bedrooms

- Added sunroom area from bedroom 3 - ideal small home office or study space

- Spacious formal living/lounge room

- Roomy country style kitchen plus dining (enjoying a peaceful outlook to the garden)

- Bathroom with separate shower plus bathtub (great for the kids or if you just enjoy a soak)

- Large laundry area plus wc (this entire wet area could possibly be modified to create 2 bathrooms if needed)

- Split system air-conditioning

- Big 11.9m long double garage/workshop

- Carport plus remote door

- Heaps of extra parking - secure & gated

- Access from a long utilised rear laneway

The 'Shops':

- 2 separate 'shop fronts' each with its own dedicated kitchen and or preparation area

- Shop 1 approx 7.0m x 8.1m of shop front with separate kitchen (currently vacant ready for you to utilise or lease out)

- Shop 2 approx 8.6m x 8.1m of shop front with kitchen & prep area (currently leased@$33,800pa plus outgoings)

- Basic plant and equipment for current and previous usages (take away food shops)

- Split system air-conditioning to each

- Original functioning ducted evaporative system

- Grease trap

The Property:

- 1012 sqm

- Zoning of R60

- 20.19m frontage & 50.29m depth

- Current/former approved usage of 'Local Shop' re shop frontages to Great Northern Hwy

- Great passing traffic exposure for business operators - improved advertising = potential higher rent returns & improved yields

- Proximity to the thriving Midland Town Ctr just a couple of mins drive away

Will Suit the Following Buyer Groups:

- Families who wish to operate their business right out the front of their home (so convenient)

- Singles/Couples or small families who can see the benefits in managing the 2 'shops' to help pay the mortgage

- SMSF owners looking for a long term investment opportunity with good rental income potential to elevate financial gains over time

- Overseas/International buyers looking to invest in a business opportunity with a combined residence (subject to visa requirements)

- Investors and/or future developers with an eye to future growth potential for the Midland area

- Savvy business operators/entrepreneurs who can see opportunities with the high exposure location ie applications for different business models

- FIFO workers looking to 'settle' back into Perth and run a business from their home base knowing future development is always an option

- .....plus more

Offered for sale by owners who have truly enjoyed living in the thriving locality of Midland this is a rare opportunity for the astute buyer.

Reach out to Michael Edwards today on 0412 470 468 to discuss how you might make this property yours.