Jorden Peirce Presents this Development Opportunity
Superbly positioned in one of Innaloo's most sought after streets, this expansive 860 sqm development parcel is a rare opportunity for Developers! The 3 bedroom 1 bathroom character home that can easily be lived in or rented out before you decide to make the most of this opportunity to renovate or redevelop.
Only a short drive away to Scarborough Beach and within close proximity to Karrinyup Shopping Centre, Lake Gwelup Reserve, Westfield Innaloo, schools and public transport hubs. The demand to move into this appealing suburb will surely increase!
In a R40 zoned location with street frontage of 20.1m, this property shows potential opportunities to develop up to four homes.
OPTION 1 - Develop into 4 double storey Townhomes (subject to approvals)
OPTION 2 - Develop into 3 EXTRA LARGE - 3 bed 2 bath double garage single storey homes. Sell end product to high demand market.
OPTION 3 - Rent the existing building out and collect $850p/w to help service the loan. Enjoy the good capital growth whilst servicing the debt.
FEATURES OF EXISTING HOME:
- Large open plan living areas
- 3 large bedrooms with BIR's
- 1 extra large bathroom
- Plenty of parking for boats or caravan
- Large workshop shed
- Laundry which can be converted into 2nd bathroom
- Whisper quiet street
- NORTH facing rear yard
- Higher returns for developers on Karrinyup side of Innaloo
Be Quick! Opportunities like this don't come around often!
Call Jorden Peirce on 0416 300 431 and register your interest today!
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DISCLAIMER: This information is provided for general information purposes only and is based on information provided by third parties including the Seller and relevant local authorities and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
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