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5 Young Street, Centennial Park, WA 6330 For Sale
5 Young Street, Centennial Park, WA 6330 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Image 5 Young Street, Centennial Park, WA 6330-Floorplan

5 Young Street, Centennial Park, WA 6330

Offers Over $639,000

House
Type
4
Bedrooms
1
Bathrooms
10
Parkings
587 m²
Area

Published on Thursday, August 20, 2026 ( See property details for 5 Young Street, Centennial Park, WA 6330)

Offers Over $639,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile land-banking property in a prime central location offering immediate income and future development potential (STCA).

🏡 Property Highlights

  • Strategic Mixed-Use R40 zoning with high-density development potential
  • Currently leased as four treatment rooms providing reliable income
  • Generous 587 sqm site with flexible development options (STCA)
  • High-exposure central location in a high-growth precinct
  • Solid land-banking opportunity with capital growth prospects
  • Established property built in 1900 with long-term development potential

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Waterfront / Views
  • Secure Parking
  • Outdoor Area
  • Home Office / Study
  • Floorboards
  • Alarm system
  • Broadband
  • Water tank
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5 Young Street
Centennial Park, WA 6330
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Vertical aerial view — 5 Young Street
5 Young Street — Vertical Aerial  •  Centennial Park, WA 6330  •  Nearmap © 2026

Centennial Park is a vibrant, high-growth suburb offering excellent connectivity, a strong community atmosphere, and significant future development potential. Its strategic location provides easy access to amenities, transport, and commercial hubs, making it ideal for investors seeking long-term capital growth and development opportunities. The area is experiencing ongoing infrastructure improvements, enhancing its appeal for both residential and commercial ventures. With a mix of established properties and new developments, Centennial Park is positioned as a key growth corridor in Albany.

What are the future development possibilities for this property?
Subject to council approvals, the property offers high-density development options including townhouses or integrated commercial spaces under the R40 zoning.
Is the current income from the property reliable?
Yes, the property is currently leased as four treatment rooms on a periodical lease, providing a steady cash flow.
What are the key benefits of investing in this land-banking property?
The property offers immediate income, a strategic central location, and significant future development potential, making it an excellent long-term investment.
What are the rates and ongoing costs associated with the property?
Annual city rates are approximately $2,280.63 and water rates are approximately $1,499.78, subject to change.
Are there any restrictions or approvals needed for future development?
Yes, future development is subject to council approvals and compliance with local planning regulations.
Are there any existing planning or building approvals, or are there any pending applications? Are there any easements, covenants, or zoning restrictions that could impact future development? What are the potential costs for council approvals and development applications? Are there any known issues with the property's title or boundaries? Is the property located in a flood or bushfire-prone area? Are there any upcoming infrastructure projects or planning activities in the vicinity that could affect the property? What are the terms of the current lease, and are there any upcoming lease expirations or rent reviews? Are there any strata or body corporate considerations if future development involves multiple units? What are the long-term plans for the surrounding area that could influence property value? Are there any environmental or heritage restrictions affecting the property?

5 Young Street, Centennial Park, WA 6330 - More Details

Offers Over $639,000

5 Young Street, Centennial Park offers an exceptional land-banking opportunity with strategic Mixed-Use R40 zoning in a high-growth precinct. This versatile property allows investors to secure immediate commercial leased property while unlocking premium multi-unit residential or commercial development potential down the track. Subject to council approvals.

Strategic Development Potential

- Mixed-Use R40 Zoning: Unlocks high-density development paths including ,townhouses, or integrated commercial spaces STCA.

- Premium Land-Bank Asset: Secure a footprint in a tightly held central precinct and reap the capital growth rewards as Albany expands.

- Solid Income: Currently leased on a periodical lease as four treatment rooms.

- Generous Site Footprint: The combination of site area and R40 coding provide maximum flexibility for future development Subject to council approval.

The "Buy & Hold" Advantage

- High-exposure central location

- Reliable commercial tenancy design

- Reliable cashflow security

- Long-term equity multiplier

Facts:

Year Built: 1900

Zoning: Mixed Use / R40

Current Use: Commercial.

Block Size: 587sqm

Sewer.

City Rates:$2,280.63

Water Rates:$1,499.78

Estimated Rental Return:$635pw to $675pw

NB Rates and fees are subject to change.

Property Code: 107
Type
House
Bedrooms
4
Bathrooms
1
Parkings
10
Area
587 m²

Price guide

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