We are pleased to present this high-yield, strategically located residential asset, situated at 6A McMaster Street, Victoria Park. Positioned in a high-demand "infill" corridor, this property is a cornerstone for luxury multi-residential transformation.
Prominently positioned at the nexus of lifestyle & commerce. Victoria Park is Perth's premier culinary destination. This parcel of land offers "walkable urbanism," a key driver for high-end apartment demand.
Zoned R80, providing significant flexibility for high-density residential outcomes, including multi-level apartments (STCA). Proposed density coding change from R80 to R-AC0 under the Albany Highway Precinct Structure Plan (AHPSP) – subject to approval by WAPC.
Existing residential utility provides immediate holding income to offset planning costs, with significant potential for rent increases in a <1% vacancy market.
Within the elite Victoria Park Primary School intake area (0.32km) and walking distance to over 1km of premium dining and retail.
This parcel of land is specifically identified for urban consolidation. Under R80 coding, the property supports a move away from single dwellings toward higher-density Multiple Dwellings.
• Boutique Apartment Yield: Potential for 6–8 luxury residences across 3 levels.
• CBD Skyline Access: Potential for permanent city views from upper-floor plateaus.
• Planning Flexibility: Possible discretionary uses such as serviced apartments or short-stay accommodation (STCA).
If you have any questions please contact Anil Singh on 0423 276 674 or email anils@theagency.com.au.
I URGENTLY REQUIRE MORE PROPERTIES FOR MY QUALIFIED BUYERS. IF YOU ARE THINKING OF SELLING OR WOULD LIKE A FREE MARKET APPRAISAL, PLEASE CONTACT ME ON 0423 276 674.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
