MLV as exclusive selling agents are pleased to present 504 Great Eastern Highway, Ascot for sale. This outstanding, high profile development opportunity presents an opportunity for developers to secure a landmark corner site with multiple street frontages. Situated in a prime position on Great Eastern Hwy, the property benefits from significant exposure to passing traffic.
Improvements on site comprise a functional warehouse development with extensive yard.
The property is currently leased, with the current lease term expiring 31 May 2028.
Key features include:
Land area of 8,088sqm (approx) with street frontages to Great Eastern Hwy, Ivy St and Hay Rd, on the doorstep of the Swan River
1702sqm (approx) warehouse development with extensive yard, providing short to medium term holding income
Mixed Use zoning, situated within Precinct 4 of the Great Eastern Highway Urban Corridor
For a copy of the IM or to discuss this opportunity in more detail, please call Matthew Crofts on 0409 572 773 or David Lamb on 0411 597 952.
The size of Ascot is approximately 3.6 square kilometres. There are 12 parks, covering nearly 44.2% of the total area. The population of Ascot in 2016 was 2572 people. By 2021 the population was 3095 showing a population growth of 20.3% in the area during that time. The predominant age group in Ascot is 50-59 years. Households in Ascot are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ascot work in a professional occupation.In 2021, 66.90% of the homes in Ascot were owner-occupied compared with 70.00% in 2016.
Ascot has 1,797 properties. Over the last 5 years, Houses in Ascot have seen a 89.49% increase in median value, while Units have seen a 96.95% increase. As at 30 April 2026:
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