173 Morley Drive

Nollamara WA 6061

701 m²

House

Currently for sale - view listing

Overview

Prime Development Opportunity with Holding Income!

Offers Closing Monday, 17 August at 12:00pm (Unless Sold Prior) Sold 'As Is' Positioned in a highly accessible location in Nollamara, right on the border of Yokine, this 701sqm R40 zoned property presents a great opportunity for developers, investors and land bankers alike. The existing three bedroom, one bathroom fibro home is currently leased on a periodic tenancy at $600 per week, providing immediate holding income while plans for the future are considered (subject to relevant approvals). With ongoing redevelopment transforming the surrounding areas, this is an opportunity to secure a well-located site with both immediate return and long-term potential. Conveniently located within easy reach of schools, parks, shopping centres, public transport and major arterial roads, the property also enjoys close proximity to the Western Australian Golf Club and is approximately 8km from the Perth CBD. Property Features: • Generous 701sqm block • R40 zoned site • Excellent development potential (subject to relevant approvals) • Existing three bedroom, one bathroom residence currently leased on a periodic tenancy at $600 per week • Holding income while planning your next project • Ideal for developers, investors and land bankers • Side access with large rear yard and shed • Close to the Western Australian Golf Club • Easy access to Flinders Square Shopping Centre • Excellent public transport links • Approximately 8km from the Perth CBD PROPERTY PARTICULARS: Shire Rates: $1,648.81 pa Water Rates: $888.55 pa City of Stirling Proudly presented by Brad Collins 0429 801 877 | Helping buyers and sellers since 2007.