194 South Terrace

Positioned on a substantial 696sqm green title corner allotment, this character-filled Como property presents an increasingly rare opportunity combining immediate rental income, future flexibility and an enormous council approved, fully lined workshop unlike anything else currently on the market. Currently leased to long term tenants at $750 per week until 28 January 2027, the property offers a secure holding income while buyers consider future possibilities. The solid mid century brick and tile residence retains a range of appealing original features including polished timber flooring, decorative ceiling detail, a fireplace, timber door frames and picture rails, all adding warmth and personality throughout the home. A large central kitchen forms the heart of the residence, while the flexible floor plan provides comfortable everyday living. What truly sets this property apart is the incredible council approved, 120sqm, fully lined workshop positioned on the northern boundary of the lot with its own crossover access from the quiet and tree-lined Warrego Street. With approximately 15m x 8m dimensions and a high clearance trussed roof construction, this expansive space offers exceptional versatility for car enthusiasts, boat owners, those needing significant storage, hobbyists, home business operations or multi-purpose use. Existing shelving and workbench can also be included with the sale. The workshop is currently ideally suited for automotive use with a car hoist and potential storage capacity for up to 9 vehicles. Buyers may also wish to explore future adaptation opportunities, including possible ancillary dwelling conversion subject to relevant building and council approvals. Warrego Street itself is one of the area's hidden gems, renowned for its beautiful Jacaranda trees and peaceful residential atmosphere while remaining only moments from major transport routes, local shopping and the vibrant lifestyle amenities Como and Kensington are known for. Property features * 696sqm green title corner lot * R15 zoning * Solid mid century brick and tile residence * House currently rented at $750 per week until 28 January 2027 * Long term tenants in place * Powered shed with rental opportunities at $4k per annum per vehicle * Undercroft celler / storage under house * Large central kitchen * Timber flooring * Decorative ceiling artwork * Fireplace * Timber door frames * Picture rails * Council-approved 120sqm fully lined workshop * Approximate 15m x 8m workshop dimensions * Trussed roof construction * Extra high roller door opening to cater for boat storage * Separate crossover access to workshop * Existing shelving and workbench can be included * Workshop / studio ideal for car storage, hobbies, teenage retreat or home business * Potential future adaptation opportunities subject to approvals * Possible views from second level * Studio space may be able to be converted into a habitable space or mixed use ancillary dwelling (STCA) Location highlights * Positioned on quiet Jacaranda-lined Warrego Street * Easy access to major transport routes * Close to local shopping and cafes * Convenient access to the Perth CBD * Located within the highly sought-after Como precinct * Primary school catchment for Collier, Kensington and South Perth Primary Schools * Easy access to Curtin University Land | 696m Internal (house) | 114m (approx.) Workshop / shed | 120m (approx.) City of South Perth - $2,337 p/a Water Corporation - $1,199 p/a