80 & 80a McMillan St, Victoria Park WA 6100

1014sqm (Triplex site) with 2 duplexes earning great returns

House - Victoria Park WA

Many opportunities are available for this 1014sqm (Zoned R30) level block which currently houses 2 duplexes earning $570pw & $630pw. Earning potential could be increased to $625pw & $750pw when the current leases expire on the 1st November 2025.

The owner is open to discussions on either selling one of the duplexes for $950,000 (as they are on their own titles) or both for $1.8M and open up your future potentials. If you wish to buy both duplexes the owner is happy to break up the purchase, buying one now and another in the near future in that suits you better.

What does this 1014sqm comprise of?

80 McMillan St (74sqm Internal) is a beautifully renovated 2 bed, 1 bath duplex with fresh floors & paint, new air-con split system and new kitchen. Large enclosed backyard with single carport.

80a McMillan St (117sqm Internal) also renovated but larger in size. 3 bed, 2 bath duplex with fresh floors & paint, new air-con split system & new kitchen. The main bedroom is self contained with its own ensuite and could be separately air-bnb as it has side access, separate from the front door, plus has additional car bay.

The site's strategic location and current configuration makes it an attractive proposition for various development scenarios, subject to council approval. Whether you're considering to knock down the current 2 homes and build 3, or place 2 brand new homes on their own titles and sell off individually or maintaining the existing residences and keep renting the duplexes with future development in mind.

Perfectly positioned in a highly sought-after neighbourhood, these properties offer incredible convenience with the Victoria Park train station just 1.4km away and a short 4km ride into the Perth CBD.

Nature enthusiasts will appreciate the proximity to Hawthorne Park, ideal for morning walks or weekend picnics. Daily essentials are easily accessible at the nearby IGA Local Grocer, while families will value the property's location within the Kent Street Senior High School catchment area.

This property presents a rare opportunity to create something special in one of Perth's most dynamic suburbs.
Viewing by appointment as these properties are currently tenanted.

Please contact Honor Borg on 0411 782 510 to organise a private viewing.

DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy. Interested persons are advised to make their own enquiries and satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.