8 Nockolds Street

Walpole WA 6398

1434 m²

Studio

Currently for sale - view listing

Overview

ELITE MULTI-TIER ASSET IN THE HEART OF TOWN – 1,434sqm R30 Allotment with Secure Income & Vacant Possession

Address: 8 Nockolds Street, Walpole, WA 6398 Price: $695,000 + GST Land Size: 1,434 square metres Zoning: R30 (Strategic Retail / Residential) A Rare Commercial Footprint with Strong Rental Return & Immediate Potential Positioned perfectly in the beating heart of the Walpole township, this expansive 1,434 m² landmark property represents a rare and incredibly versatile investment opportunity. Benefiting from premium R30 Retail/Residential zoning and the immense logistical advantage of full dual-road frontage, this multi-tier complex balances immediate cash flow with pristine vacant commercial and residential areas ready for immediate use, leasing, or conversion. Clear Breakdown of Tenancies & Infrastructure: • The Restaurant & Boutique Shop (Left & Middle Sections) – Securely Leased to a Single Tenant: A premier setup consisting of a flagship hospitality space with an expansive timber deck and an adjoining mid-complex arcade shop. Both of these commercial spaces are leased together by the same single operator under a brand-new, secure 5 + 5 year lease, generating a highly dependable secure income. • The Gallery & Connected Accommodation (Right-Hand Side) – Vacant Possession: A beautifully appointed, street-facing commercial gallery space featuring north-facing views and original character wood floors. This connects directly to a self-contained residential accommodation. Offered completely vacant, it is perfect for an owner-occupier, a fresh retail tenant, or instant conversion into high-demand short-term holiday accommodation (STCA), subject to Council approval. • The Rear Sheds (Facing the Second Road) – Leased: A large workshop and storage shed area situated at the rear of the allotment, benefiting from its own independent street access. This area is currently under a small lease to the local Walpole community op shop. Strategic Investment Highlights: • Streamlined Commercial Tenancy: Benefit from simplified property management with your primary commercial and retail footprint securely managed under one single, strong 5 + 5 year lease structure. Full lease agreements are available to qualified buyers upon request. • High-Demand Tourism Angle: Capitalise on Walpole's growing visitor economy by utilizing or holiday-leasing the vacant character gallery and residential space right next to the Munda Biddi trail and mountain bike tracks. • Subdivision or Triplex Potential: The flexible R30 density coding and dual-street layouts allow you to pocket strong commercial returns today while mapping out a future high-density residential footprint down the track (STCA). Secure a prominent, cash-flowing piece of Walpole's main retail strip. Offers Over $695,000 + GST are invited. Contact Jamie Dunross today to secure more information and, request copies of the lease agreements, or arrange a private on-site inspection. M: 0439 529 520 E: jamie@burtonrealty.com.au

Features

3 bathrooms

1434 m² lot size

Studio

Property history for 8 Nockolds Street

2016

Sold

Undisclosed

Private Sale/Treaty on 10 Jun 2016 by Jamie Dunross, of Burton Realty

Happy sellers in Walpole

We have insufficient information to provide an overview of customer satisfaction for Walpole. Viewing the agent profiles, reviews and sales for Walpole can provide insights for this location.