2,548 sqm of Prime residential land, in the Heritage suburb of Hilton, located in the City of Fremantle.
Croon Properties Pty Ltd, Property, Investors & Developers, are reviewing its Portfolio and have decided to place on the market 27 & 29 Lee Avenue Hilton.
These are two separate properties, with double brick tile homes, with polished wooden floors.
The surface area of 29 Lee Avenue is 1,480 sqm
The surface area of 27 Lee Avenue is 1,093 sqm
The combined blocks are approximately 43m wide x 58m deep.
Currently the properties have been rented and returned a combined rental of $720.00 per week. 29 Lee Avenue has been purposely been left vacant and 27 Lee Avenue has a quality long term tenant, whose lease expires in August 2012.
With the combining of the properties, it could be possible to produce a potential sub division plan. On this basis we have had a plan made showing the retention of the two existing homes and the development of three individual blocks at the rear of the two properties.
Other combinations could be possible, depending on submissions to The City of Fremantle.
The City of Fremantle is keen to retain the existing buildings and subject to negotiations, may allow a number of different scenarios, using the two combined properties.
No representation is made by Croon Properties Pty Ltd, as to what the Council will allow, but The City of Fremantle are keen to have the area developed and could be sympathetic to a well placed presentation.