PRICED TO SELL!
A rare opportunity to buy yourself a slice of the very best South Perth real estate with overwhelming potential... This recently rezoned, low-rise security complex is situated on a coveted 6,500sqm of prime riverfront land, right on the foreshore and offering panoramic views of the City in what can be regarded as Millionaire's Row in this prestigious suburb.
The new current zoning of R40/60 would allow for a complete redevelopment of the complex to make this property bigger and better. There has been a plan proposed enabling all owners to enjoy larger brand new apartments with underground parking and creating at least 5 beautiful penthouses to fund the project. Nothing has been agreed at this stage, but investors who are able and willing to sit it out and wait are very likely to be highly rewarded for their patience. In the meantime, enjoy all that this lovely quiet complex can offer with its A1 position with direct access to the foreshore...
Number 11 is a very neat and tidy ground floor apartment, tucked away in a corner of the complex. This home can almost be regarded as a villa, with both front and rear courtyards, and there are some views from the living area. Both bedrooms have built-in robes, there is a hidden laundry, and the unit also offers 2 car parking and a storage room. A very good, long term tenant resides here on a periodic lease and is happy to stay or go - your choice.
Think very carefully about this one - this is a unique opportunity that really doesn't come along every day.
Rates: $1,493.61pa Water: $858.57pa Strata Fees: $550 pq
