There are investment properties, and then there are investment properties. This is the sort of property that fits into the category of pure, smart investment. 974sqm of land with a very reasonable dwelling…or is it an office…or a home… or medical centre. What's this bloke on about? Read on.
A more premium zoning would be hard to find, with this property offering extraordinary potential at a residential and commercial level.
I'll get to the details of the existing home in a moment, but for now, let's consider a couple of the options.
ZONING
The property is zoned District Centre - Restricted Use (a few things you can't make it but a whole list of things you can!)
RESIDENTIAL DEVELOPMENT
The demand for attractive, modern villas has never been stronger than it is right now. With recent examples selling in the range of the high $700,000s to early $800,000s, this is the perfect place to build residential homes that the market is desperately hungry for. The downsizing market is prepared to pay a premium for quality in a great location. And the location doesn't get much better than this. It's close to shopping centres, public transport, virtually every service that a person could need, all within walking distance.
With the potential to build at the R40 code, you can create the sort of product that will have buyers across all demographics. From the folks who are looking to downsize from the larger properties in the surrounding hills areas, to the buyers who are entering the market and chasing a premium product, this is the location to make that happen.
COMMERCIAL DEVELOPMENT
Commercial development would be considered for a wide variety of uses. There is a table of considered development options available from the City of Armadale. And if you hit the email agent button to contact us from this website, we will send you the information that they have provided.
They will consider things such as a doctor's surgery, offices, cafés, beauty salon, or potentially a development that includes a bit of all of that.
This really is such a unique proposition.
THE HOUSE AS IT STANDS
There is currently a three-bedroom, one-bathroom home here, and it's quite a spacious and comfortable home. What's awesome about this is that you have residential options, but potentially have commercial options for renting it out as well. In the past, it has served as both a home, and it has also been leased as an office.
Perhaps you run a business now and have the option to operate from here, but also want something that has serious development potential in the future.
WHERE IT IS
What a premium position this is. An unbeatable location that has so many nearby features it won't fit on the list. Look at the map and see just how close it all is. You're right amongst it.
SO...
Is it one for the self-managed super fund? Is it one for an investor who wants something beyond everyday, basic residential options? Or is it one for a home buyer who knows that the home for today doesn't have to be the forever home and will keep it down the track?
WHAT NEXT?
Well, what do you want to do? If you've got an idea read the information in the link we will send you or contact the team at the City of Armadale on (08)9394 5000 and speak to the Planning Department. THEN, once you know this is one you can't miss get in touchand we'll set up a time so you can check it out for yourself and make a decision for the future.
Just to reiterate... all development is subject to the approval of the relevant authorities. Any indications above are for your investigation BEFORE making a decision.
