Located on one Subiaco's most prolific tree-lined thoroughfares, this rare and lucrative property opportunity is a once-in-a-lifetime chance to enter the suburb's charming, historic community. An original and well-presented Californian bungalow is currently located on the generous 450sqm block which is part of the new Town Planning scheme and conveniently zoned RAC-0, presenting excellent mixed-use development potential. Featuring casement windows, polished jarrah floors, high ceilings, original fireplaces, a modern kitchen and a neutral interior colour scheme, the existing two-bedroom, one-bathroom home is marked with potential to either renovate or redevelop at the site, which includes a vast, north-facing rear garden and handy laneway access. Properties of this scale, at the heart of Subiaco's unique village-like, retail, commercial and dining hub, are extremely rare. The iconic Subiaco Hotel, ACE Cinema, the Regal Theatre, endless cafes, boutiques and amenities along Rokeby Road, several supermarkets, a local farmer's market, many commercial businesses and the train station, are walking distance away, not to mention Perth city, Kings Park, West Perth, UWA, several leading hospitals, the Swan River, local beaches (and Mitchell Freeway) are mere minutes away by bike or car. Local schools include Subiaco Primary School, Bob Hawke College, and Perth Modern. In terms of location and lifestyle attributes, this is by-far one of Perth's most coveted addresses for both business or residential purposes. - Rare opportunity to buy at an iconic Subiaco location - Block zoned RAC-0 and part of the Town Planning Scheme - Excellent mixed-use or redevelopment potential - Existing, well-presented (2x1) Californian bungalow on site - Rear laneway access - North-facing at rear - Walking distance to endless Subiaco attractions (Rokeby Road and Hay Street), the city, West Perth and Kings Park - Subiaco train station just 900m away - Local schools include Subiaco Primary School, Bob Hawke College, and Perth Modern