5 Young Street, Centennial Park, WA 6330

5 Young Street, Centennial Park offers an exceptional land-banking opportunity with strategic Mixed-Use R40 zoning in a high-growth precinct. This versatile property allows investors to secure immediate commercial leased property while unlocking premium multi-unit residential or commercial development potential down the track. Subject to council approvals. Strategic Development Potential - Mixed-Use R40 Zoning: Unlocks high-density development paths including ,townhouses, or integrated commercial spaces STCA. - Premium Land-Bank Asset: Secure a footprint in a tightly held central precinct and reap the capital growth rewards as Albany expands. - Solid Income: Currently leased on a periodical lease as four treatment rooms. - Generous Site Footprint: The combination of site area and R40 coding provide maximum flexibility for future development Subject to council approval. The "Buy & Hold" Advantage - High-exposure central location - Reliable commercial tenancy design - Reliable cashflow security - Long-term equity multiplier Facts: Year Built: 1900 Zoning: Mixed Use / R40 Current Use: Commercial. Block Size: 587sqm Sewer. City Rates:$2,280.63 Water Rates:$1,499.78 Estimated Rental Return:$635pw to $675pw NB Rates and fees are subject to change. NB Currenlty tenanted. Vacant possession may incur GST implications please speak to an accountant. Property Code: 107