Tightly held in the same family for the last 60 years, this is a rare opportunity to land bank in the heart of South Perth. With potential for great city views, the river on your doorstep and vibrant Angelo Street just around the corner, this is the ultimate South Perth opportunity.

Zoned R15/50 and sitting proudly on an elevated 837m2 lot, the complex is ripe for renovation (only if you are brave) or detonation – YOU CHOOSE.

OPTION 1
Demolish the existing block and subdivide into 4 street front lots with the potential for city views from multi-storey homes.

OPTION 2
For serious renovators only – restore the 6 very original 1960′s apartments and reap the rental rewards while land banking for the future.

The complex consists of 6 apartments on a single green title – five 2×1 apartments and one 1×1 apartment.

Units 4 and 5 are currently tenanted at $250 and $230 each per week.

NOW IS THE TIME TO SECURE YOUR FUTURE.