RWC WA proudly presents a golden opportunity to secure two income generating apartment buildings with promising redevelopment potential in Como, just 5.4km* from Perth CBD.
This exceptional property comprises two 2-storey walk-up apartment complexes, each housing four 2-bedroom, 1-bathroom units, all strata titled. Additionally, the property boasts development potential, allowing for the development on the rear land, yielding approximately 510sqm* of prime real estate or a complete redevelopment of the property. With a combined frontage of 40m* on Leonora Street and a rectangular shape featuring a sloping topography from east to west, this prime site offers an array of opportunities for investors.
Property features include:
• Land - 1,244sqm*
• Improved - 520sqm*
• Fully tenanted
• Projected gross income of $197,600pa ($139,292 net)
• Development potential for rear 510sqm* of land
For further information or to arrange an inspection please contact:
Stephen Harrison
RWC WA
Mobile: 0421 622 777
Email: stephen.harrison@raywhite.com
Brett Wilkins
RWC WA
Mobile: 0478 611 168
Email: brett.wilkins@raywhite.com
*Approximate
Remember to mention you found this property on DevelopmentReady
RWC WA proudly presents a golden opportunity to secure two income generating apartment buildings with promising redevelopment potential in Como, just 5.4km* from Perth CBD.
This exceptional property comprises two 2-storey walk-up apartment complexes, each housing four 2-bedroom, 1-bathroom units, all strata titled. Additionally, the property boasts development potential, allowing for the development on the rear land, yielding approximately 510sqm* of prime real estate or a complete redevelopment of the property. With a combined frontage of 40m* on Leonora Street and a rectangular shape featuring a sloping topography from east to west, this prime site offers an array of opportunities for investors.
Property features include:
• Land - 1,244sqm*
• Improved - 520sqm*
• Fully tenanted
• Projected gross income of $197,600pa ($139,292 net)
• Development potential for rear 510sqm* of land
For further information or to arrange an inspection please contact:
Stephen Harrison
RWC WA
Mobile: 0421 622 777
Email: stephen.harrison@raywhite.com
Brett Wilkins
RWC WA
Mobile: 0478 611 168
Email: brett.wilkins@raywhite.com
*Approximate
Remember to mention you found this property on DevelopmentReady