Another Development Site UNDER CONTRACT by Jorden Peirce
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Superbly located in one of Innaloo's most sought after street, this massive development property will appeal to many buyers with 911sqm of land!
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 with street frontage of 20.1m, this property shows potential opportunities to develop up to four homes.
OPTION 1 - Subdivide into 4 lots. Sell individual lots as house and land packages.
OPTION 2 - Develop into 4 single or double storey 4 bed 2 bath double garage homes. Sell end product to high demand market.
OPTION 3 - Keep the current tenants in the property and collect $650p/w to help service the loan. Enjoy the good capital growth whilst servicing the debt.
OPTION 4 - Retain, subdivide and renovate house. Sell house and 2 extra lots to high demand market!
FEATURES OF EXISTING HOME:
- Large open plan living areas
- 3 large bedrooms with BIR's
- 1 extra large bathroom with spa
- Plenty of parking for boats or caravan
- Hard wired smoke alarms
- Laundry which can be converted into 2nd bathroom
- Block perfect for developing
- Whisper quiet street
- NORTH facing yard
- Building conveniently located on front of the block to allowing for retain and subdivide
- 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.
