A brilliant opportunity to acquire this unique property with development potential and strong current rental income.
Perfectly located in terms of access and amenity on the corner of Broadway and Edward Street, an outstanding feature is the giant Poinciana Tree planted in the 1960s and now a prominent feature of the area that enhances both indoor and outdoor areas with its magnificent foliage. Over the years this Circa 1938 property has been extended and upgraded to offer two floors with three separate apartments, linked by a hydraulic lift and stairs.
Many period characteristics including lofty ceilings, leadlight glass and decorative wrought iron features throughout the property. There is off-street parking for two vehicles at the front of the property, another 2 vehicles on Edward St, plus a double lock-up garage (with lift access) that is entered from Edward Street. Nedlands, a verdant well-established suburb, is nestled between the river and the sea and in close proximity to excellent schools, transport and the CBD. The property itself is within easy walking distance to UWA, the beautiful Swan River foreshore with its abundant walking and cycling paths, numerous restaurants and cafés, a large shopping centre and excellent public transport.
Zoned R-AC3, this 506 sqm landholding has the potential to redevelop, subject to planning approval.
Council Rates: $3,445.37 p/a approx.
Water Rates: $2,540.00 p/a approx.
*Please note that while best effort is made to ensure rates are correct at time of listing, they are provided for reference only and may be subject to change. Chattels depicted or described are not included in the sale unless specified in the Offer and Acceptance.
