459 Stirling Highway

Situated on the prominent Stirling Highway in Cottesloe, offering excellent exposure and accessibility. This property presents an exceptional opportunity to secure a high-profile commercial or residential presence in one of Perth's most desirable seaside locations with considerable development potential. From a commercial perspective the property benefits from excellent exposure to passing traffic and easy access via multiple right of ways at the rear of the property with ample parking, making it ideal for businesses seeking visibility and connectivity in a premium western suburbs precinct. LOCATION 459 Stirling Highway is located high on the ridge 1km from Cottesloe Town Centre, 1.2kms from Cottesloe Train Station, 1.5kms from Cottesloe Beach, 650m to Grant Street Station, 1.3kms to Claremont Quarter Shopping Centre, 8kms to Fremantle and just 10kms from the city, plus you are within easy reach of private schools and shores of the nearby Swan River. CURRENT USE - COMMERCIAL Originally renovated for medical use the property has a current non-conforming use for professional offices. The current layout enhanced from the original medical configuration by the previous architect owners includes a reception area and back office electrical/data storage area, five offices, male and female toilets, a modern bathroom with large shower , conference room with sliding French door access to the leafy courtyard sporting a commercial grade woodfire pizza oven and outdoor kitchen benches, great natural light, fully air-conditioned and alarmed. 202 sqm of nett lettable area plus 14 plus car bays accessed via Eric or Gordon Street right of ways. POSSIBLE USE - RESIDENTIAL The original property was built as a residence and with a little imagination and reconfiguration, the property could easily be converted back to a three or four-bedroom home with formal living spaces and low maintenance grounds with at the existing carpark offering ample room to accommodate gardens, pools or garaging. The property offers plenty of room to build a second home or granny flat on the large block utilising the rare double right of way accesses. A second story build would afford excellent views towards the nearby ocean. POTENTIAL USE SUB DIVIDE OR REDEVELOP The enormous 880 sqm block is suitable for various types of redevelopments subject to council approval. You could keep the original property and subdivide a rear block with Eric Street and Gordon Street access via right of ways, demolish and rebuild with mix of residential and commercial or further extend the current property to suit your own personal needs be it residential or commercial. ZONING The property is zoned Part Residential R20/60, Part Primary Regional Roads, with a current non-conforming use for Professional Offices. The property has previously been used as a medical practice but would need a new council approval any change of use. N.B. the property falls within the council rezoning proposal criteria currently in progress and may further benefit from the new proposed zoning. LAND 880 sqm benefitting from dual right of way rear access with a road widening reservation to Stirling Highway. PRICE Offers from $2,500,000 + GST 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.