10/182-184 Middleton Road, Mira Mar WA 6330

This unique 887 sqm site offers an outstanding opportunity for those wanting to cash in on Albany's burgeoning demand for holiday accommodation. Almost adjacent to historic Strawberry Hill Farm and situated only four minutes' drive from glorious Middleton Beach in one direction and the CBD in the other, it's ideally located for easy access to tourist attractions and amenities.
Lot 10 is the remaining undeveloped plot within a residential strata scheme approved for use as short stay holiday accommodation. The 9 established 2x1 brick & Colorbond units within the complex are very neat, well maintained, and enjoying fantastic occupancy and net returns. The current owner of the vacant land for sale has plans to share for the construction of 3 double keyed units (each with 2 bedrooms, 2 bathrooms) and a disability friendly 2x1 unit that will fit within the site, including the required allowance for parking. However, other options for an entrepreneurial investor to consider are a Bed and Breakfast or Guest House. Taking advantage of the potential to build two storey will enable the developer to reap greater rewards with the creation of either a greater number of lettable units or larger building sizes.
Currently covered in lawn and with a number of established trees surrounding the perimeter of the site, providing a leafy canopy, the block overlooks a lake and is within a very picturesque setting. Positioned well back from the road and tucked away behind the existing units, the location is very quiet and peaceful, ideal for holiday guests wanting a relaxing place to unwind in between exploring all that the south coast has to offer.
Developers will be pleased to note that all services, including power, town gas, scheme water, deep sewerage and telecommunications are available to the site.
The approved use for the scheme also allows owners to stay onsite up to three months a year, adding to its appeal to out-of-towners looking for a city bolt-hole for holidays or occasional overnight stays, knowing it will earn its keep between visits. Whoever builds on this site for sale will enjoy the same benefits for dual use.
Rarely do vacant blocks of land in this location and with this type of use become available to purchase. One has the choice of building and living off the income the short stay units generate or selling them off individually, or a combination of both.
It's an exciting proposition for buyers looking for a sound investment with potential for high returns in a tourist hot spot. To discuss your interest, please contact Lee Stonell on 0409 684 653 or lee@merrifield.com.au today.

What you need to know:
- Short-term holiday accommodation site
- Zoned Residential R25
- Remaining undeveloped parcel within an attractive, well-maintained complex
- Build and enjoy the same excellent letting returns that the established units are fetching OR build and sell the choice is yours
- Located between beach and town 4 minutes' drive either way
- Communal laundry for guest use already established
- Tranquil outlook over parkland and lake with ducks and birds
- Allocated car parking spaces
- 887 sqm block, all services available
- For investor's own use up to three months a year once built on
- Council rates $1,131 per annum