Big Wide Development Block Frontage More Than 30 Metres
It is a benefit for a property to have development potential, and then its another level when the shape of the block allows for more cost effect future development. Such is the case with this property due to its square shape, wide frontage and rear alignment each of 30.47 metres. The options available for future development of this property may be as grouped dwellings, as in side by side villas or townhouses, multiple dwellings, as in apartments, or three blocks of land each side by side and each with their own street frontage. All subject to council approval of course so please make your own investigations regarding these options prior to putting forward your offer proposal.
As for the home, it's a great solid structure built in the 1970's and currently rented at $420 per week which indicates it's a good home with plenty of important features necessary for attracting good tenants at a good rent return, making the other option of a long term sit and hold very attractive.
And the location makes this property a wise investment or development opportunity because it is only approximately 9 kilometres from the Perth City, close proximity to Orrong Rd taking you straight into the Perth City and the Belmont Forum Shopping Centre and Entertainment precinct are a stone's through away too.
Water Rates: $1181
Council Rates: $1564
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