RARE MIXED-USE PROPERTY WITH CHARACTER, COMMERCIAL ZONING & COASTAL POTENTIAL
A coastal opportunity where lifestyle, business, and future value converge.
Set on a substantial 1,764sqm corner block in the heart of Lancelin, this rare offering presents a powerful combination of industrial zoning with existing residential use-a setup no longer permitted for new properties in the area.
Whether you're a business owner needing space to operate, an investor looking to secure a high-potential holding, or a sea-changer searching for something truly versatile, 24 Masters Way offers a unique proposition in one of WA's most vibrant coastal towns.
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KEY FEATURES:
• Zoned Industrial - High Demand, Low Supply
One of the few remaining blocks in town with industrial zoning. The market for such properties in coastal towns like Lancelin continues to grow.
• Existing Residential Use Permitted
As new properties in the zone are no longer allowed to include residential components, this dwelling's legal use is a major advantage.
• 1,764sqm Corner Block with Dual Access
Prime street exposure and easy manoeuvrability for boats, caravans, commercial vehicles, or future development.
• Solid & Simple Construction
Fibro and tin build comprising 3 bedrooms, 1 bathroom, a separate toilet, functional kitchen, and 1 office space - ideal for living or home-based operations.
• Flexible Open-Plan Living
A central space that can serve as a family lounge, staff area, or customer-facing zone.
• Two Large Sheds
Secure, practical storage for equipment, tools, marine gear or workshop use.
• Undercover Patio Area
A shaded space for relaxing, working outdoors, or entertaining in an informal setting.
• Reverse Cycle Air Conditioning (x2)
Comfort for both residential or office-style use throughout the year.
• Room to Expand
With this much land, there's ample scope to build additional workshop space, parking bays or reconfigure for commercial operations.
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WHY INVEST HERE?
• Strategic location: Lancelin is booming as a fishing, holiday and adventure destination - and properties with industrial zoning in central locations are exceptionally rare.
• Dual-purpose appeal: The combination of workshop potential and permitted residence makes this ideal for owner-operators, marine service businesses, or investors seeking long-term value.
• Future-proofed: As zoning rules tighten, properties like this are becoming harder to come by - making this a smart and secure investment.
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IDEAL FOR:
• Investors looking to secure scarce industrial land with long-term upside
• Owner-operators seeking a live-and-work coastal lifestyle
• Commercial buyers requiring storage, yard space or operational flexibility
• Sea-changers wanting to escape the city without losing access to Perth and Joondalup (just an hour away)
A PROPERTY WITH HEART AND HISTORY
After serving as the base of a long-standing, well-respected local family business in Lancelin's fishing community for more than two decades, this property is now being offered for sale the first time by the family.
While the home is in its original condition and in need TLC, (SOLD "AS IS') it offers a solid foundation and an abundance of potential to restore, upgrade or reimagine. Its unique zoning, large landholding, and central location make it a standout opportunity for those with vision.
Opportunities like this don't come often - especially in tightly held towns like Lancelin.
Contact Caroline Daniel on 0400 669 519 today to arrange a private inspection or discuss how 24 Masters Way could work for your lifestyle or portfolio.
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