621-623 Albany Highway, Victoria Park WA 6100

This exceptional mixed-use property offers the perfect combination of immediate rental income and long-term development upside in the heart of Victoria Park. Opportunities like this along the sought-after Albany Highway corridor are rare and tightly held.

The Property:
Ground Floor - Commercial Space
- Former photography studio with high exposure to Albany Highway, suitable for a wide range of commercial uses.
- Permanent rear right-of-way ensures convenient parking and deliveries.
- Bus stop directly in front of the property enhances accessibility for staff, customers, or tenants.

Upper Levels - Residential Space:
- Self-contained two-bedroom, two-bathroom dwelling with a functional kitchen and living area.
- Separate access from both the front and rear.
- Additional studio apartment upstairs, perfect for staff accommodation, short-term rental, or extra income.
- Combined, the property offers four toilets and the capacity to park five or more cars.

Location Advantages:
- Only 10 minutes to Perth CBD.
- Prime position along Victoria Park's vibrant café and retail strip.
- Excellent transport links with a bus stop at your doorstep.

Zoning & Development Potential:
- Zoned Mixed Use with Residential R60 under the Town of Victoria Park's Local Planning Scheme No. 2 (LPS 2).
- Flexible use for both residential and commercial purposes:
- Permissible Uses: Some as-of-right land uses.
- Discretionary Uses: Broad potential for commercial or residential development with approval.
- Future Growth: Identified for uplift to 6-8 storeys from 2026 (STCA).

Key Features
- 529sqm landholding in a high-exposure location
- Interim lease potential - generate holding income while planning redevelopment
- Rear right-of-way for easy access and parking
- Bus stop directly in front of the property
- Only 10 minutes to Perth CBD

The Opportunity:
This property presents a rare chance to secure a strategic foothold in one of Perth's most dynamic growth corridors. With both commercial and residential components already generating rental potential, it offers immediate income from day one. Situated on the vibrant Victoria Park strip with excellent Albany Highway frontage, the site enjoys high visibility, strong foot traffic, and unmatched accessibility. Zoned Mixed Use R60 with potential for 6-8 storeys (STCA) from 2026, it provides significant future redevelopment opportunities for investors or developers. Whether you are seeking a long-term growth asset, a prime commercial location with upstairs accommodation, or a mixed-use development project, this property offers flexibility, versatility, and the ability to generate income while planning for future growth in a highly sought-after precinct.
- Secure a foothold in one of Perth's most dynamic growth corridors.
- Generate immediate holding income from both commercial and residential components.
- Strong future redevelopment potential with excellent accessibility and exposure.

Thinking of Developing?
If you are considering redevelopment but aren't a developer, we can connect you with trusted local experts:

Preliminary Development Report: Approx. $1,500 - provides early feasibility guidance.

Comprehensive Development Report: Approx. $40,000 - includes detailed concepts, cost breakdowns, and development pathways to help serious buyers progress confidently.