A rare opportunity for astute investors, developers and landbankers to secure a substantial 1,012sqm property with exciting subdivision potential and immediate rental income!
Positioned in a convenient location close to shopping facilities and public transport, this four-bedroom home offers an excellent combination of comfortable living, strong investment appeal and future development possibilities.
Whether you're looking to expand your investment portfolio, secure a large parcel of land for future development or take advantage of the property's subdivision potential, this is an opportunity well worth considering.
Comfortable Living with Immediate Rental Income
The existing home features four generously sized bedrooms, one bathroom and a practical open-plan kitchen, dining and living area.
With a functional layout and plenty of space for everyday living, the property provides comfortable accommodation while allowing the new owner to explore future development opportunities.
Currently tenanted at $660 per week until 2 May 2027, the property generates approximately $34,320 in annual rental income, making it an attractive holding investment while future plans are considered.
Property Features
Four generously sized bedrooms
One bathroom
Open-plan kitchen, dining and living area
Functional and practical floor plan
Massive 1,012sqm landholding
R40/60 residential zoning
Potential four-unit subdivision opportunity (subject to WAPC and relevant authority approvals)
Convenient location close to shopping facilities and public transport
Existing tenancy providing immediate rental income
Exciting Development and Subdivision Potential
The real highlight of this property is its impressive 1,012sqm block with R40/60 zoning.
Offering potential for a four-unit subdivision, subject to Western Australian Planning Commission (WAPC) approval and all relevant planning requirements, this substantial landholding presents an exciting opportunity for developers looking to maximise the site's future potential.
The generous land size and flexible zoning create a range of possibilities for those with the vision to unlock the property's value.
Investors may choose to retain the existing residence and enjoy rental income while investigating subdivision options, or landbank the property for future development when the time is right.
Convenient Location
Adding to the property's appeal is its convenient position within easy reach of local shopping facilities and public transport.
This accessibility makes the location attractive to tenants and future residents alike, supporting both its current investment appeal and potential future residential development.
Invest Today, Develop Tomorrow!
Opportunities combining a massive 1,012sqm block, R40/60 zoning, potential four-unit subdivision and an established rental return are certainly worth exploring.
Whether you're a seasoned developer, an investor seeking future growth opportunities or a buyer looking for a substantial landholding, this property offers the flexibility to suit a variety of investment strategies.
Secure the land, enjoy the rental income and explore the possibilities for tomorrow!
Contact us today for further information or to arrange a viewing.
Disclaimer: All subdivision and development opportunities are subject to WAPC approval, applicable planning policies, relevant authority requirements and independent due diligence. Buyers are encouraged to make their own enquiries regarding development feasibility.
