LAND VALUE - SOLD AS IS
Spectacular Opportunity for investors to get into a great 2 lot development, perched high on the hill this 747 sqm block, with 18.1 metres frontage has a dual zoning of R20 / R30 - which subject to WAPC approval could be divided down the middle to create two 9.05 metres wide 373 square metre street front green title blocks. Plans for two 3 bedroom 2 bathroom with open plan living and separate Theatre room, already fully costed, showing a potential 20% gross profit on the development.
Existing timber frame 2 bed + sleep out house is probably past saving, so the property is being sold strictly on an as is basis. Current owner / tenant may wish to stay on at $250 per week on a periodical tenancy.
Annual Fees
$1,630.38 Bassendean Shire Rates
$629.80 Water Corp Water Rates
The APPROXIMATE Development Costs
$20,000 Demolition
$30,000 Sub Division Costs
$290,000 2 X $145k building Contract
$29,000 2 X $19,500 site works estimates
$26,000 2 x $13k finishing costs estimates
= $395,000
Selling Agent
Paul Elliss - mobile 0438 678 118
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