12 Olga Road

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About this property

Positioned on a substantial 951m² corner block at the intersection of Olga Road and Orr Street, this is a rare opportunity to secure a high-density development site with an established, council-approved short-stay accommodation business already in operation. Zoned R80 under the Central Maddington Out Line Development Plan, the property offers outstanding flexibility for investors, developers, or land-bankers looking to capitalise on a prime corner location (STCA). Current Improvements - Duplex Configuration The property comprises two self-contained residences, each with its own private yard: 12A Olga Road • 3 bedrooms • 1 bathroom • Full self-contained kitchen • Private backyard 12C Olga Road • 2 bedrooms • 1 bathroom • Full self-contained kitchen • Private backyard The dwellings are currently operated as a successful Airbnb business, with Council approval for short-term accommodation in place since 2017 - a significant advantage rarely offered in today's market. Established Income Stream • Operating as short-stay accommodation since 2017 • Approximately $76,000 gross income for the 2024/25 financial year • Proven track record and established presence Whether you continue the thriving short-term rental business or explore redevelopment options, the choice is yours. Prime Location Conveniently located within walking distance to: • McDonald's Maddington • Centro Maddington Shopping Centre • Maddington railway station Excellent access to transport, retail, and local amenities enhances both rental demand and development appeal. Why This Property Stands Out • 951m² corner block • R80 zoning under Central Maddington ODP • Multiple potential subdivision and development options (STCA) • Dual street frontage (Olga Road & Orr Street) • Council-approved short-stay accommodation • Strong, established income stream This is a truly unique opportunity combining immediate cash flow with long-term development upside. For investors seeking yield, developers seeking density, or buyers wanting flexibility - 12 Olga Road delivers on all fronts. 12A Olga Water rates: $798.28 Total for 2024 - 2025 financial year 12B Olga Water rates: $770.80 Total for 2024 - 2025 financial year Council rates: $2680 p/a (approx.) Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.

Property Features

Location & Nearby

Approximate location shown. Contact agent for exact address.