We have here a very unique investment either for the family supa fund or for a developer. Trying to find a large single block of land close to the CBD is difficult enough. Here however we have 2 properties side by side for sale.
Both blocks are 782sqm and the frontage is 34.2m. The zoning on the blocks is R20 which means in this area at least 900sqm would be necessary for a development.
As individual blocks they are both single residential but if you are the owner of both, then the total site with the 2 properties should be a 3 unit site.
Each block would have street frontage of approximately 11.4m and a size of approximately 521sqm.
Currently in-situ are two 1950′s homes rentable at about $700.00 per week. This could be ideal for the supa fund buyers.
The owners of at least one of the homes is very keen to rent back if that is a good situation for the new buyer.
The location of the blocks is ideal. They are situated in a pleasant tree-lined street on top of the hill. You are a 10 minute walk to 2 primary schools, 5 minutes from popular Fraser Park, 10-15 minutes from the Park Shopping Centre and the effervescent cafe strip on Albany Highway and Technology Park.
Add to this proximity to Curtin Uni and approximately 6km from the CBD and you may start to realise why this investment can be so attractive.
Phone me today – this sort of opportunity does not occur often.
PAUL WEBB – 0438 868 775