**HOME OPEN**
Sat 12th Sept 9:40-10:10AM
Adam Naumovski presents…
40a & 40b Allinson Drive, Girrawheen
Two separate homes. Immediate rental income. One enormous 1,127sqm corner and parkside development block.
Welcome to 40 Allinson Drive, Girrawheen, an incredibly rare opportunity combining immediate rental income, flexible living options and outstanding future development potential. Positioned directly opposite the beautiful and expansive Blackmore Park, this unique property offers two separate 2 bedroom homes while providing the potential to develop up to five brand new homes on the site (STCA).
40A is currently tenanted at $500 per week, providing an immediate income stream from day one, while 40B is vacant and ready to go, giving you the flexibility to move straight in, lease it out for additional rental income, renovate, or utilise the property as part of your future plans.
Both properties offer 2 bedrooms, 1 bathroom, a good sized living area, separate kitchen and spacious outdoor areas, giving you plenty of options both now and into the future. Continue renting 40A while moving into or leasing 40B, land bank this substantial site, explore the potential to renovate and improve what's already here, investigate a subdivide and retain option to create brand new blocks while retaining the existing homes, or unlock the full potential of this incredible 1,127sqm corner site with a larger development of up to five new homes (STCA).
With one home already producing rental income and the second vacant and ready for immediate use, this property offers outstanding flexibility for investors, owner occupiers and developers alike. Take your time planning the future of the site while enjoying income from the existing tenancy, with the potential to generate an additional rental return from 40B.
And the location only adds to the opportunity. Directly across the road, Blackmore Park provides a beautiful green outlook and the perfect place for a morning walk, exercise or simply spending some time in nature. Hawaiian's Newpark Shopping Centre is just 1.2km away, putting shops, cafés, a gym, hairdresser and everyday conveniences right at your fingertips, while the amenity filled social and entertainment hub of Warwick Grove Shopping Centre is just 2.9km away, offering even more shopping, cafés, bars, restaurants and entertainment options.
Large corner development sites are becoming increasingly difficult to find, but one directly opposite a park, with two existing homes, immediate rental income and exceptional future potential is something truly special. Whether you're looking to invest, move in, land bank, renovate, subdivide or develop, the possibilities here are exceptional — don't miss out!
Some fantastic features include:
• Huge 1,127sqm (approx.) corner and parkside block zoned R20/40
• Two completely separate 2 bedroom, 1 bathroom homes
• 40A currently tenanted at $500 per week
• Immediate rental income from the existing tenancy
• 40B vacant and ready to move into or lease out
• Opportunity to create an additional rental income stream from 40B
• Potential for up to 5 brand new homes (STCA)
• Fantastic development and subdivision potential (STCA)
• Potential subdivide and retain opportunity (STCA)
• Ideal land banking opportunity with immediate rental income
• Both homes feature good sized living areas and separate kitchens
• Spacious outdoor areas to both properties
• Large corner position offering excellent development flexibility
• Directly opposite the beautiful Blackmore Park
• Just 1.2km to Hawaiian's Newpark Shopping Centre
• Just 2.9km to Warwick Grove Shopping Centre
• Close to shops, cafés, restaurants, bars, gyms and entertainment
• A rare combination of location, land size, income, flexibility and future potential
SOLD ON AN AS IS BASIS – OPEN BY APPOINTMENT
DON'T MISS OUT — CALL ADAM NAUMOVSKI ON 0424 364 326
ADAM NAUMOVSKI | FOR ALL YOUR REAL ESTATE NEEDS
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
