52-56 Belvidere Street Belmont WA 6104

Located within the bustling Belvidere retail precinct, this unique property boasts 677m2 of land area, with development potential actively encouraged by the City of Belmont's Local Planning Policy 15.

The Belvidere Main Street Precinct Design Guidelines show this Green Titled, corner block has the capacity to be developed to 5 storeys with a mixture of residential and commercial uses!

The property is partially tenanted by the well-established landmark Parklane Chinese Restaurant, showing a healthy rent return and with the opportunity to owner occupy the remaining tenancy or lease out to receive a healthy return on investment until the time is right to develop on the site.

Why you should consider this outstanding property: -
- 677m2 Land parcel
- 350m2 Building area
- Mixed use development potential (S.T.C.A)
- Capacity for 5 storey development on the site (under BMSPDG)
- Partially tenanted with real option to increase rental return
- 7 Dedicated on-site parking bays
- Right of way side street access
- 142m2 currently available for lease as retail space or office
- Kitchen facilities and more

This property represents a very rare opportunity for the savvy investor with long term property investment goals seeking to capitalise on the City of Belmont's vision for the Belvidere Main Street Precinct.

For more details on leasing or purchasing this property, contact the selling and agents today!!