Developers looking for a great project with the benefit of an existing home, this 728sqm R40-zoned property offers an excellent opportunity.
The position of the current residence may allow for the creation of one additional lot at the front and one additional lot at the rear, while retaining the existing house on its own separate lot, as illustrated in the available concept plans/photos and subject to relevant approvals.
This creates a total potential outcome of three lots without needing to immediately demolish the existing residence.
Potential Options:
Option 1: Explore subdivision and development opportunities, subject to relevant approvals.
Option 2: Develop up to 3 single or double-storey homes to meet strong buyer demand for quality new homes in Innaloo.
Option 3: Retain the existing fantastic tenants and collect approximately $600 per week while holding the land for future development.
Option 4: Retain the existing building and create three development lots, providing flexibility to develop or sell into a high-demand market.
Features
3 Bedrooms
1 bathroom
Large store shed
Alfresco areas
Landscaped gardens
Hard-wired smoke alarms and RCDs
Ample parking for boats, caravans or additional vehicles
Location:
150m local shopping centre
150m The Saint George Hotel
300m Nearest Bus Stop
500m Yuluma Primary School
800m Cup & Co Innaloo
2.1km Freeway/Stirling Train Station
2.2km Westfield Innaloo
2.7km Churchlands Senior High School
4.3km Scarborough Beach Foreshore
This properties blue chip location offers easy access to Perth CBD, Karrinyup Shopping Centre, Freeway entry, Stirling Train Station and Shops, Bars and Scarborough Beach. There are a variety of transport options giving you easy access to the CBD.
Call Jorden Peirce on 0416 300 431 and register your interest today!
Missed out ? Follow me on Instagram for upcoming properties:
https://www.instagram.com/capitalpropertymarketingwa/?img_index=1
This information is provided for general information purposes only and does not constitute any representation or warranty by the Seller or the Agent. Interested parties must rely on their own enquiries and independent advice regarding title particulars, zoning, planning controls, development potential, services, dimensions and approvals from the relevant authorities.
