Strategically located on 1012m2 of prime riverside real estate, this 1960′s block of 8 apartments offers the prudent buyer with an eye for quality and a true multitude of options in one of Perth’s premier Blue Chip locations.

The block of 6 x 1 Bedroom (48m2 to 53m2) and 2 x 2 Bedroom (58m2 to 63m2) apartments are already strata titled, offering immediate upside potential and feasibility.

All apartments are well presented and feature parquetry flooring, balconies, and built to last! With undercover parking and glorious leafy surrounds, these apartments are constantly sought out by UWA students and medical staff of SCGH and Hollywood Hospital.

Whilst the property is in such a dynamic location, it also leads itself to further options being a corner location with development potential under the current scheme to build up to 3 storeys with a 0.7 to 1.0 plot ratio, or maybe subdivide into building blocks with their own street frontage.
With a significant increase due in rents at the end of March, this property offers so many possibilities.

- Refurbish and hold long term
- Revamp and rent as short term accommodation
- Ideal for multi family ownership
- Sell off individually
- Capitalise on redevelopment
- Completely redevelop and hold long term

If you are looking to secure your future, look no further than this golden opportunity

Contact Mark Hay on 0418 953 742 now!