You have a choice to either, live in, rent out, build at the back, demolish all & build. Whatever you decide, the eastern precinct of Perth is certainly on the move and Belmont is one of the rapidly growling suburbs not to be missed!
This is a fantastic opportunity to acquire this excellent redevelopment site located only minutes from the CBD which is available immediately with vacant possession.
About the Home;
•Existing brick & tile home circa 1972
•3 bedrooms and 1 bathroom – plus heaps of parking
•New Carpets and Rheem storage hot water system
•Paved area and good size Shed at the back
•Enclosed and level north-south facing block
•The property is being sold on an “As is Basis”
Development Potential: Planning Dep’t at the City of Belmont have advised;
•Land Area = 736m2
•Rectangle block on the high side of the road
•Huge 22.9 metre frontage
•Zoned R20 to R40 Grouped (GD) or Multiple (MD) Dwellings allowed
•Minimum size for each strata Lot is 180m2 with an average of 220m2 – plus common area
•3 Units should be supported by council, subject to Residential and Council Guidelines
•At least 50% must be 2 storeys – i.e. if 3 are built, then 2 would need to be 2 storey
Options:
*Leave the existing home and build another at the rear
*Demolish the home and re-develop site into 3 strata lots or units
*Live in or rent out the existing home and watch your investment grow
Location:
•Approximately 13kms to the CBD
•Walking distance to the Belmont Forum Shopping Centre.
•Walking distance to Belmont City College, Cloverdale Primary and Notre Dame Catholic Primary School
•Walking distance to Bus Stops on Abernethy & Alexander Road and Fairbrother Street.
•Close proximity to the Swan River, Perth Airport, and both Tonkin & Great Eastern Highway.
Email to register your interest today!
Council Rates: $1245.93 /annum
Water Rates: $ 933.38 /annum
