- DEVELOPMENT POTENTIAL/CORNER SITE.- ONE AREA LEASED, ONE AREA VACANT.- THREE STREET FRONTAGES.Ron Farris Real Estate as exclusive agents are pleased to present to the market for sale 18 Muriel Avenue, Innaloo.Property Highlights- Green title corner site with an area of 754 m2* located within the thriving Muriel Avenue neighbourhood retail precinct. - Perfectly located within the keenly sought after northern suburb of Innaloo and surrounded by Medium Density R40 residential properties.- Surrounding deep pool from which to draw clientele/consumers for property's Tenants or future owner occupier. - Development potential to 3 storeys comprising ground floor commercial and 2 storeys of residential subject to local shire and all other required approvals. - Multiple street frontage site to Muriel Ave, Thrall St and Azurite Lane. - Building 1. Deli/Lunch Bar/House. Available now with vacant possession. Suit owner occupier or investor with the view to securing a new Tenant. - Deli/Lunchbar comprises seating area, kitchen/prep area and retail zone. - House comprises entry/dining area, lounge/family room, 4 bedrooms, sleepout, kitchen, laundry, shower/bath/toilet area, backyard with outdoor toilet, access to Muriel Ave via roller door, yard paving and raised deck. - Building 2. Real Estate Agent occupying a building area of 124.73 m2*. Commercial Lease expiring 31.12.2027 no further options. Annual rental reviews to the greater of market or 4%, current net passing rental $33,600 pa plus GST. - Real Estate Agent's area comprises reception/waiting room, board/meeting room, 3 offices with 1 office containing multiple workstation areas, kitchenette and male and female facilities. - Zoned Local Centre under the City of Stirling Local Planning Scheme No. 3, suit many uses. This property will suit the investor or future owner occupier looking to add a superbly located asset underpinned with development potential (subject to approvals) to their property portfolio.For further information, please contact the exclusive listing agent via the details below* Approximate Area Only.
The size of Innaloo is approximately 3.2 square kilometres. There are 11 parks, covering nearly 7.1% of the total area. The population of Innaloo in 2016 was 8251 people. By 2021 the population was 9592 showing a population growth of 16.2% in the area during that time. The predominant age group in Innaloo is 30-39 years. Households in Innaloo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Innaloo work in a professional occupation.In 2021, 57.60% of the homes in Innaloo were owner-occupied compared with 56.80% in 2016.
Innaloo has 6,047 properties. Over the last 5 years, Houses in Innaloo have seen a 79.20% increase in median value, while Units have seen a 74.84% increase. As at 31 August 2026:
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