FIXED DATE SALE - ALL OFFERS PRESENTED ON MONDAY 20th OCTOBER 2025 UNLESS SOLD PRIOR
This huge 847m2 property is a rare find with R60/100 zoning, located only minutes to the new Morley Train Station, Morley Galleria, Bayswater Waves and Tonkin Highway North and South.
The current owner already has WAPC approvals to retain the current home and build two new dwellings at the rear, so this is a true Triplex Site, with the advantage of being able to retain the existing home and build two new dwellings at the rear
Currently the property is returning $1000 per week rent with tenants who would love to stay on, so a perfect investment for someone who wants to "Land Bank" their future. The current set up has a separate studio currently leased at $400 per week and the second lease is for the separate 3 bedroom home at $600 per week. Tenants would like to stay on but vacant possession can be arranged.
Within the City of Bayswater Town Planning Scheme, this property can potentially be transformed into professional rooms or a practice - such as a doctor/dental clinic - if you are that way inclined.
Bus stops, Morley Primary School, restaurants, important medical facilities, more shopping at Coventry Village and other excellent schools are also nestled within easy walking distance. The likes of the Reid and Tonkin Highways (and the new Morley Train Station) are enviably perched only a stone's throw away, as well.
A prime position with infinite potential - an opportunity this rare simply doesn't wait!
