It’s a home, with retro styling on a huge block with development opportunity.
As it stands, the home is solid as a rock and the perfect as an add on to the development or sell off the home and use it to finance the development of your subdivision project of units in this prime position on Albany Highway.
The rear section of the huge block is gently sloping with no extensive earth work required to complete the development. As can be seen along this stretch of Albany Hwy there is always a demand for inner city living units or lock and leave accommodation with recently completed units in the area selling readily.
Here is where the fun starts- with R20 zoning and a massive 2205 square metres of land to play with, the choice is yours. Revamp the current house and develop units behind, or bowl it over and completed develop the land with up to 5 lots permissible.
The home with it’s jarrah floors high ceilings and decorative plaster work it is a style that can be easy spruced, and the gardens made over to create an appealing first impression.
The formal lounge room, with art deco styling and high ceilings as well as glass self swinging doors through to the formal dining room.
Adjacent can be found the biggest of the homes bedrooms, also featuring high ceilings and a unique full wall built in robes and dressing table system covering the entirety of one wall. The other two bedrooms also boast high decorative ceiling
The bathroom a space that is big enough to be conducive to the most decadent of makeovers and currently houses a deep bath with overhead shower, vanity basin, linen hatch as well as a newly installed skylight.
At the end of the hallway lays the kitchen, again a space big enough in which to create a gourmet beauty, either by revitalizing the existing large bench- tops, oven and mantle, overheads and breakfast bar- or completely starting fresh.
In the final section of the home can be found an open combined laundry and bathroom space with a shower, basin and plenty of storage space.
The rear of the property is where the appeal to the astute purchaser really begins; this opportunity is certainly a golden ticket- a chance to make a huge return by creating affordable housing smack bang in the centre of Albany
With a huge 2205sqm of available space and R20 zoning for dividing into up to 5 lots, it’s an almost unheard of opportunity in the Albany CBD.
Make the most of it and secure your future.
The neighbouring property is also for sale, both homes could be rented out while you ponder your desired development option for the massive mass of land that lies behind.
What you should know:
- R20 Zoning
- Divide into up to 5 lots
- Just minutes from the CBD
- 2205 square metres of land