{"Slug":"studio-8-nockolds-street-walpole-wa-6398","CanonicalUrl":"https://realsearch.com.au/studio-8-nockolds-street-walpole-wa-6398","Address":"8 Nockolds Street, Walpole, WA 6398","Suburb":"Walpole","State":"WA","Postcode":"6398","PropertyType":"Studio","Status":"For Sale","Headline":null,"Description":"Address: 8 Nockolds Street, Walpole, WA 6398Price: $695,000 + GSTLand Size: 1,434 square metresZoning: R30 (Strategic Retail / Residential)A Rare Commercial Footprint with Strong Rental Return & Immediate PotentialPositioned 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 520E: jamie@burtonrealty.com.au","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"$695,000 +GST"},"Bedrooms":null,"Bathrooms":"3","Parking":null,"Features":[{"Name":"Bathrooms","Value":"3"},{"Name":"Area","Value":"1,434 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-34.97669212,"Longitude":116.73006203,"Agent":{"Name":"Jamie Dunross","CanonicalUrl":"https://realsearch.com.au/agent/jamie-dunross"},"Agency":{"Name":"Burton Realty - Walpole","CanonicalUrl":"https://realsearch.com.au/agency/burton-realty-walpole"},"CreatedAt":"2026-10-05T07:36:17.646819","UpdatedAt":"2026-10-05T07:36:17.6774267"}