DREAM BIG AND BUILD UP AT A BARGAIN PRICE BEFORE REZONING TAKES PLACE. UP TO 12 UNIT SITE, STCA!
CURRENT BID PRICE $400,000 - 3 Qualified Buyers
The property has not yet met reserve. The Openn Negotiation (flexible conditions online auction) is underway and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment.
This 837m2 property is just months away from being rezoned R80 and includes a very sound 3 bedroom, 1 bathroom home, circa 1966. A completely flat block with a 15.29m frontage means little to no additional site-works costs. Underground power is already in-situ and with no developer, subdivision or land contributions payable, this is a very tasty morsel indeed.
Currently tenanted on a periodical lease and situated in a beautiful cul-de-sac location just 7kms from the CBD, the lot is to be zoned for future high density with a maximum building height of 4 stories and the potential for up to 12 apartments (subject to council approval).
To be purchased in an 'as is' condition, the benefits of this property are immense including but not limited to buying at the LOWEST PRICES the Perth Market has seen in over 5 years!
Walking distance to public transport, shopping and schools aren't the only reasons to buy and build here. Located in close proximity to the Bentley Regeneration Area and Canning City Centre Area, and just 2kms in any direction before you hit a mecca of shopping (Westfield Carousel) and dining (Albany Hwy Caf Strip), the short distance to Curtin University and Optus Stadium will also entice your future buyers and tenants.
Remember to mention you found this property on DevelopmentReady.com.au