5 McMaster Street

* * UNDER OFFER by ACE REALTY * * * EXPRESSIONS OF INTEREST - CLOSED * Ace Realty proudly presents this high-potential landholding For Sale by Expressions of Interest. All offers must be submitted by Tuesday, 19 May at 4.00pm (AWST), unless sold prior. Positioned on a generous 701sqm landholding in one of Perth's most sought-after inner-city pockets, this property presents an exceptional opportunity for developers, investors, and owner-occupiers alike. Zoned R60, the property offers outstanding redevelopment potential for medium-density housing including townhouses or apartments (STCA), with typical allowances supporting up to three storeys (approximately 11.5 metres). This flexible zoning enables strong yield potential and design versatility in a high-demand urban location, with city views from the property and the potential for more expansive views from a future development. A key feature of the property is the rear right-of-way (ROW) running along the north-eastern boundary, providing direct access to the rear of the site. This configuration enhances development efficiency, allowing for improved vehicle access, rear-loaded designs, and streamlined site planning. A potential four-lot subdivision (maximum), subject to Council and WAPC approval, demonstrates how each lot could benefit from access via the ROW, further reinforcing the site's strong development credentials. The property is zoned R60 - Residential under the Town of Victoria Park LPS2. Planning approval has previously been granted for use as consulting rooms, which may allow for the continuation of this use. Future owners may explore similar or alternative uses, subject to Council approval (STCA), providing additional flexibility while longer-term redevelopment plans are considered. Ideally located just moments from the vibrant Victoria Park café strip and only minutes to the Perth CBD, the property enjoys excellent access to public transport, schools, parklands, and an array of lifestyle amenities. Combining prime positioning, flexible zoning, and strong development fundamentals, this is a rare opportunity to secure a high-potential site in a thriving inner-city precinct. NEARBY: - 50m Albany Highway District Centre shops and cafes - 300m Victoria Park Primary School - 590m Ursula Frayne Catholic College - 880m McCallum Park - 950m Victoria Park Station - 1.4km Hawaiian's Park Centre Shopping Centre - 1.6km Kent Street Senior High School - 1.7km Crown Perth - 2.0km Mineral Resources Park - 5.0km Curtin University AREA (approx.) 701sqm (land) 59sqm (floor) YEAR BUILT 1982 ZONING R60 - Residential (Town of Victoria Park LPS2) RATES (approx.) Council: $2,081 pa Water: $1,111 pa For more information, please contact: Frank Sanchez 0419 367 999 Michael Quirici 0402 085 533 Or email sales@acerealty.com.au Please note: The sellers reserve the right to sell the property at any stage prior to the set date and time of expiry. DISCLAIMER: While every effort has been made to ensure the accuracy of the information provided, Ace Realty and its representatives make no warranties or guarantees as to its completeness, accuracy, or reliability. All property details, including but not limited to pricing, availability, and features, are subject to change without notice. Prospective buyers are advised to make their own inquiries and conduct inspections to verify the accuracy of the information provided. The details contained herein are for informational purposes only and do not form part of any offer or contract. Ace Realty accepts no liability for any reliance placed on this information by any party.