The instructions are clear - this property will be sold at auction and the motivation behind it could not be stronger! The owner is liquidating to meet pressing financial commitments, creating a genuine, no-nonsense must-sell scenario. Opportunities like this are rare, where timing, motivation and potential align so perfectly for the astute buyer.
Currently tenanted until January 2027 at $665.00 per week, the property delivers immediate income from day one. You can secure the asset now and enjoy steady returns while you plan, design or simply watch your investment grow in a tightly held, high demand location.
With R20/R40 zoning, the real upside becomes clear. Whether you are considering subdivision into two or three lots, a townhouse development, or exploring higher density outcomes (subject to approvals), the flexibility here is exceptional. You may choose to retain the existing home and land bank, renovate to enhance value, or move swiftly to develop - whatever your strategy, this is a canvas primed for reward. Large blocks with this zoning are increasingly scarce, making this an opportunity not to be overlooked.
Positioned for absolute convenience, you are just moments from local shops, cafes, supermarkets and schools, with seamless access to public transport, the airport and Optus Stadium. It's a location that continues to grow in popularity, underpinning both lifestyle appeal and long term value.
This is a compelling opportunity for developers, investors and forward thinking buyers alike... an asset offering immediate return, future flexibility and undeniable potential.
Auction day is approaching fast.
Act decisively - properties with this level of opportunity and urgency do not wait.
The Property:
• Built in 1964
• Brick & tile constructed home
• Generous front & rear yards
• 3 bedrooms, 1 bathroom
• Solid jarrah floors
• HITACHI reverse cycle air conditioner to master bedroom & living room
• Open plan kitchen & dining with front separate lounge
• Modern kitchen with CHEF cooktop/oven
• Good sized bedrooms
• Neutral toned bathroom with large shower, bath + vanity with storage
• Laundry with direct access to backyard
• Private toilet adjacent
• Enclosed backyard with patio
• Single carport with plenty of additional parking
• 754m2 - lot size
• R20/40 zoning
Auction Venue:
• 66 Gardiner Street, Belmont
• Saturday 2nd May 2026, 11:00am for a 11.30pm start unless sold prior
Auction Terms:
• $50,000 deposit on the fall of the hammer
• Sold 'as is' with no warranties
• Settlement 30 or 45 days (chosen by buyer at signing of contract)
Please Note: The seller reserves the right to sell the property prior to the auction and all offers are genuinely invited.
Disclaimer: We have in preparing this document, used our best endeavors to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this material. Licensee: Highline Asset Pty Ltd ACN 137 025 015
