91 Coode Street (Cnr 51 Hensman Street), South Perth WA 6151

Here's your chance to secure a rare investment opportunity in the heart of South Perth - one title, two lots and endless potential!

91 Coode Street, South Perth - 354 sqm
A fully leased corner store with a long-term tenant in place, providing reliable rental income until January 2028.

51 Hensman Street, South Perth - 354 sqm
A predominantly vacant lot, offering a blank canvas for future development, subject to necessary approvals.

Why You'll Love This Property
• Prime Location: Situated in a sought-after South Perth locale, this property offers high visibility and access to local amenities.
• Secure Income Stream: The corner store (Lot 1) is leased to a stable tenant, ensuring consistent rental income while you plan your next move.
• Development Potential: Zoned Commercial under Local Planning Scheme No. 7 (LPS7) "Local Centre Plan," the property supports a variety of commercial uses, such as retail or service-based businesses.
• Subdivision Opportunity: With its current R15 zoning, there's potential to subdivide the two lots (subject to approvals), creating multiple income-generating assets.
• Heritage Charm: The property's Heritage Listing adds character while maintaining development options in line with local regulations.

Endless Possibilities
This unique offering is perfect for:
• Investors: Enjoy the steady income stream from a secure lease, while benefiting from the long-term growth potential.
• Developers: Utilize the lease period to plan your subdivision and development strategy, leveraging the flexibility of Commercial zoning.
• Owner-Occupiers: Plan for the future with a ready-to-occupy commercial space once the current lease ends in 2028.

Act Now to Secure This Rare Find
Whether you're looking for an attractive investment, a development opportunity, or a mix of both, this property delivers it all. With a prime location, secure tenancy, and future potential, this is a once-in-a-lifetime chance to secure your stake in South Perth.

For more details, zoning information, or to arrange a private viewing, contact Your Local Rays Of Sunshine:
• Cristina Spinella - 0414 400 136
• Kathryn Perin - 0405 709 763

Don't miss out on this exceptional opportunity!


*Disclaimer: Ray White South Perth have in preparing this advert used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Reference to a school does not guarantee availability of that particular school. All distances are estimated using Google maps. Prospective purchasers should make their own enquiries with the relevant authorities to verify the information contained in this advert. ALL boundary lines and size on imagery is APPROX only.*