SOLD by Aman Singh 0430883582
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Note - **All Offers are Taken Via Openn Negotiation Platform. The sale Campaign is a Private Treaty & NOT an Auction, so the seller reserves the right to sell the property to any buyers of their choice.**
An unmissable opportunity awaits at 77 Forrest Road, Armadale! This property is a goldmine for investors and developers, featuring a substantial 819m² block with significant retain and subdivide potential (STCA). Currently leased and generating excellent immediate income, this 4-bedroom home is located on a prime site, perfectly positioned for future growth and maximum return.
• Zoned R15/25 with 819m² Land with Retain & Subdivide Potential (STCA)
The cornerstone of this offering is the massive 819 square metre block. This generous land size provides the flexibility and area required for future development. The zoning allows for a potential retain and subdivide strategy (Subject to Council Approval), where you can keep the existing front home while building a new property at the rear. This is a highly sought-after development path that maximises land usage and potential profit.
• Fenced & Ready to Subdivide (STCA)
The Land at the back is already fenced and physically prepared for the subdivision process. This means a significant portion of the initial legwork and potential cost associated with site preparation has already been addressed, allowing a developer to move forward with plans and permits more efficiently. The site is truly primed and ready for development (pending all necessary Council approvals).
• 4 Bed & 1 Bath
The existing dwelling is a functional, good-sized home featuring 4 bedrooms and 1 bathroom. This established layout provides a solid residential structure that is currently very appealing to the rental market. The home can provide a comfortable, ready-to-rent property to generate income while subdivision plans are being finalised.
• Currently Leased at $550 per Week
This is a high-performing investment, as the property is currently leased at a strong rental rate of $550 per week. This immediate and substantial income stream makes the property extremely attractive to investors and developers, as it covers holding costs and generates positive cash flow from day one, minimising financial risk while planning the subdivision project.
This property is not just a home; it is a strategic investment in land and potential. Whether you choose to develop immediately or hold for future capital growth while collecting excellent rent, 77 Forrest Road is an asset built for profit. Secure your future in the booming Armadale market today!
DISCLAIMER:-
**Virtual Furniture Staging may have been used in the photos. The images of the furniture at the property have been digitally altered or enhanced.**
**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 inquiries.
**The Best Realty Group have endeavoured to ensure the information is true and accurate, but accepts no responsibility and disclaims all liability concerning any errors, omissions, inaccuracies or misstatements.
**Reference to a school does not guarantee the availability of that particular school.
**ALL distances are estimated using Google Maps. Prospective purchasers should enquire with the relevant authorities to verify the information in this advert.
**ALL boundary lines and sizes on imagery are APPROX only.**
