ATTENTION DEVELOPERS, INVESTORS & SAVVY FAMILIES: HIGH-YIELD JOONDANNA ASSET
Opportunities to secure substantial land parcels with this level of development are increasingly rare in Joondanna.
Spanning an impressive 737sqm allotment, 74 Green Street represents a strategic addition to your portfolio with significant capacity for capital growth.
Whether your strategy is to secure immediate rental returns from the character home or mobilise on the lucrative dual R20/R40 zoning for a potential triplex development (STCA)-this property is primed for your next project.
The Blueprint: Development Potential
The Land: Premium 737sqm block featuring an ideal footprint for development (42.7m x 17.2m).
The Zoning: High-density R40 zoning, offering a prime multi-unit triplex site opportunity, Subject to Council Approval (STCA).
The Strategy: Capitalise on Joondanna's consistent demand by land banking for future equity growth, or initiate development planning immediately.
The Asset: Immediate Rental Income Capability or home to live in.
Generate steady holding income while finalising your development applications.
The Property: A highly desirable, light-filled 2-bedroom, 1-bathroom character home featuring a modernised bathroom and functional open-plan living. Must be seen to be believed.
Value Additions: Versatile bonus rooms (ideal for a home office or gym), an expansive undercover alfresco area, and an inground pool-highly marketable features for premium rental appeal - with the current tenants open to rentback/renew lease.
Comfort & Security: Equipped with split-system air-conditioning, ceiling fans, external roller shutters, and a large double carport with ample on property parking.
The Location: High-Demand Commuter Pocket
A location that naturally drives tenant demand and strong resale value:
Connectivity: A short walk to Glendalough Station, connecting commuters to the Perth CBD in minutes.
Lifestyle: Moments from the vibrant Scarborough Beach Road café strip and Dog Swamp Shopping Centre.
Properties with this blend of land size and zoning are highly sought after. Secure your position before the hammer falls.
Contact the listing agency today to request the contract or property interest report.
Ray White North Quays
Office Phone: 08 9246 1344
Sales Representative: Michelle Gray
Mobile: 0415 105 555
Email: michelle.gray@raywhite.com
