Address: 8 Nockolds Street, Walpole, WA 6398
Price: $695,000 + GST
Land Size: 1,434 square metres
Zoning: R30 (Strategic Retail / Residential)
A Rare Commercial Footprint with Strong Rental Return & Immediate Potential
Positioned 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 529 520
E:
[email protected]
