MUST BUY BOTH! Your one and only chance to secure at this new price – reduced to bank valuation of $224K each side.
Calling all investors to snap up one of the most unique development sites in Armadale. Sitting on a 1,214sqm (R15/25) flat rectangular block, this property offers TWO renovated cottage style homes currently fetching a combined $580 per week rent allowing you to keep the tenants on until you decide to develop. Both homes must be purchased together meaning a total asking price of $448,000.
With the City of Armadale’s population set to increase by 30,000 over the next 10 years, now is the perfect opportunity to secure an outstanding development site located in the heart of Armadale.
The development options are flexible with the opportunity to retain the two homes at the front or knock down and develop into a multi unit site.
Each house’s Features Include:
- 2 large bedrooms
- 1 bathroom with shower, bath and basin
- Renovated kitchen with double stainless steel sink, freestanding gas cooker and plenty of cupboard space
- Large lounge room with solid Jarrah flooring
- Sleepout which can be used as a third bedroom, dining room or study
- Laundry with extra cupboards and triple sliding linen cupboard
- Upgraded feature light fittings and fans throughout
- Located just 1.3km from the Armadale Train Station
- Located 1.3km from the recently refurbished Armadale Shopping City
ABOUT ARMADALE: Located only 30 minutes south east of the CBD, the City of Armadale is a growing regional centre at the heart of a bustling urban community that offers a relaxed lifestyle with all the conveniences of modern day living. Boasting a modern city centre nestled amongst scenic parks, undulating hills and picturesque valleys, the City takes pride in its cultural heritage and unique community feel.
The City of Armadale is experiencing rapid growth and estimates its population will increase from 55,000 to 85,000 over the next ten years. The recent extension of the Tonkin Highway and the future development of an international rowing facility and white water park at Champion Lakes are catalysts for the City’s future growth.
The Armadale City centre is conveniently located at Perth’s major gateway crossroads of Albany and South Western Highways and Armadale Road. Perth’s rail network directly links Armadale to the Perth CBD (just 28 km away) and to all other centres on the expanding rail network.