
THIS Midland property provides a unique chance to be a commercial or residential development.
Like its neighbours, this 506sqm property is poised for redevelopment and rejuvenation and could be a chance for a home in a central and well-connected area of Midland or a new business.
It has a long history as the local butcher, corner shop, hairdresser and charity op-shop and provides a chance for new residents to innovate.
Now, this storied address could be on the brink of yet another exciting transformation as potential buyers assess its possible commercial or residential uses.
The property is zoned R60/80 with a residential or business classification, allowing redevelopment.
With dimensions of approximately 10.06m wide and 50.3m deep, the block offers flexibility for a variety of future uses, whether that be a creative commercial-retail hybrid, or a medium-density residential project.
Subject to planning approval, the lot could accommodate either three 166sqm sites or four 125sqm sites, providing a valuable opportunity for developers or investors looking to make it their own in the eastern corridor.
The existing structure includes a large open-plan shop front, situated along the commercial boundary.
If investors wish a residential development be pursued, any new build will require a setback in line with the current side gate.
However, there is charm and potential in retaining the building’s historic façade, which could be incorporated into a contemporary design to preserve the streetscape character while meeting modern needs.
Council and water rates remain manageable, adding further appeal for those looking to hold or lease in the short term.
Real Estate Plus
For more information contact
Samantha Appel on 0474 232 091
