23 Halley St

Innaloo WA 6018

911 m²

House

Currently for sale - view listing

Overview

Jorden Peirce Presents this Development Opportunity

Outstanding 911sqm Development Opportunity with $1600pw Rental Income Houses can be sold separately Superbly positioned in one of Innaloo's most sought-after streets, this substantial 911sqm development site presents an exceptional opportunity for developers, investors, families and land bankers alike. Conveniently located only a short drive from Scarborough Beach and within easy reach of Karrinyup Shopping Centre, Westfield Innaloo, Lake Gwelup Reserve, schools, public transport and major retail precincts, this is a location that continues to grow in appeal. Zoned R40 with approximately 20.1m of street frontage, the property offers exciting future development potential, subject to the relevant approvals. The slightly elevated rear portion of the site may also offer potential outlooks towards Lake Gwelup. The property currently comprises two renovated duplex homes, offering a combined rental return of $1600 per week and providing valuable holding income while future plans are considered. Potential Options: Option 1: Explore subdivision and development opportunities, subject to relevant approvals. Option 2: Develop up to 4 single or double-storey homes to meet strong buyer demand for quality new homes in Innaloo. Option 3: Retain the existing tenants and collect approximately $1600 per week while holding the land for future development. Option 4: Live in one residence while renting the other, helping offset holding costs while securing a substantial landholding in a high-growth location. Features of the Existing Homes: Two renovated duplex residences Large open-plan living areas Private internal courtyards Six bedrooms in total Two renovated bathrooms Built-in robes Renovated kitchens and bathrooms Garages with direct internal access Reverse-cycle split-system air conditioning Fireplaces Alfresco areas Landscaped gardens Hard-wired smoke alarms and RCDs Ample parking for boats, caravans or additional vehicles Opportunities of this size, location and flexibility are increasingly hard to find. Call Jorden Peirce for more information Missed out ? Follow me on Instagram for upcoming properties: https://www.instagram.com/capitalpropertymarketingwa/?img_index=1