Exceptional opportunity!
Nestled in a highly sought-after location, where the convenience of nearby shops seamlessly blends with the tranquillity of lush parklands, lies an exceptional opportunity waiting for the discerning investor or visionary developer. This property, featuring a charming 3-bedroom, 1-bathroom residence on a subdividable lot, epitomises versatility and boundless potential.
Zoned R40, this property is a blank canvas ready for transformation. Imagine breathing new life into the existing home with meticulous renovation and restoration efforts, bringing it back to its former glory.
Alternatively, indulge in the dream of crafting two exquisite homes, each embodying contemporary luxury and architectural finesse. For those with grander visions, the option to subdivide the lot into three distinct parcels promises even greater value and opportunity.
Currently leased until November 11, 2024, at $500 per week, this property not only provides immediate income for investors but also offers a strategic advantage for developers, ensuring a steady revenue stream to offset costs during the development approval process.
All development plans are, of course, subject to approval from the local council and the WA Planning Authority (WAPC), ensuring compliance and adherence to regulations.
Step inside the existing residence, and you'll find a harmonious blend of comfort and functionality. Three generously sized bedrooms offer ample space for relaxation, while a practical bathroom caters to modern needs. The heart of the home, a functional kitchen, serves as a hub for culinary creativity and social gatherings.
Comfort is guaranteed with year-round air conditioning. Outdoors, a delightful retreat awaits your enjoyment, with an undercover alfresco area perfect for leisurely afternoons in the sunshine.
Embrace the opportunity to embark on a journey of transformation and prosperity with this exceptional property. Seize the chance to capitalise on this versatile asset, where potential and profit converge.
Ideally situated close to Duncraig Senior School, St. Stephens, and Duncraig Primary School.
** All offers are to be presented by 4 pm on Monday, July 29th, however, the sellers reserve the right to accept an offer without notice. **
Outgoings:
Water rates $1,202 pa
Council rates $1,792 pa
To know more or to book an inspection call Carl Casilli on 0403 009 814
DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, neither the Agent nor the Seller guarantee their accuracy. The particulars of this advertisement are supplied for general information only and shall not be taken as representation in any respect on the part of the Seller or their Agent nor form part of any contract. Prospective clients should carry out their own independent due diligence to ensure the information provided is correct and meets their expectations.
