32 Hooley Road Midvale WA 6056

Mixed-use commercial/residential | Corner block with dual shopfronts | General Commercial zoning | Prominent street exposure | Live-work potential This property presents a rare mixed-use holding in a primarily residential suburb, offering immediate commercial income from two street-facing tenancies alongside a separate four-bedroom residence. Its General Commercial zoning on a prominent corner provides a strategic position for local retail or service businesses, best serving owner-operators seeking live-work arrangements or investors targeting dual rental streams. The combined 537m² land parcel across two titles offers future subdivision potential, subject to council approval. The primary risk is the ‘as is’ sale condition with undisclosed building age and finishes, requiring thorough due diligence on structural and compliance matters. The heritage overlay may restrict redevelopment. Commercial logic favours securing existing tenants to offset holding costs while assessing the residence’s upgrade potential. Acquire this for its land value and zoning flexibility, holding as an income-generating transition property until the area’s development justifies a higher use. Our analysis provides the real market valuation, locality risk assessment, and compliance checks needed to underwrite this unique opportunity. Recent sales data indicates strong local demand, though direct commercial comparisons are limited. This supports the price point but necessitates a valuation focused on its specific income potential and land value.