Reiwa Reiwa
75-77 Great Northern Highway, Midland WA 6056

75-77 Great Northern Highway, Midland WA 6056

Sold price: $1,310,000
Sold
Sold: 12 Mar 2025

3 Bedrooms

1 Bathroom

3 Cars

Landsize 1,012m2

House

Contact the agent

Michael Edwards

0512470468

EMG X


UNDER OFFER!!

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.

Property features

  • Garages 2
  • Carports 1
  • Toilets 3
  • Floor area 335m2

Cost breakdown

  • Council rates: $6,088 / year
  • Water rates: $2,639 / year

Nearby schools

La Salle College Secondary Non-government 0.6km
Helena River Steiner School Combined Non-government 0.7km
St Brigid's Primary School Primary Non-government 1.1km
Indie School Western Australia Secondary Non-government 1.1km
Midvale Primary School Primary Government 1.3km
Woodbridge Primary School Primary Government 1.4km
Governor Stirling Senior High School Secondary Government 1.8km
Moorditj Noongar Community College Primary Government 1.9km
Guildford Grammar School Combined Non-government 2.6km
Swan Christian College Combined Non-government 2.8km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4888370