Prime Location – A Sensational Opportunity to secure a near perfect building site in one of the Premiere Locations of South Perth at a time when the market has been significantly subdued, thus ensuring that your timing is absolutely spot on from an intelligent buying/investment perspective!
Currently the existing lot enjoys the benefit of having a neat and tidy, well-maintained 1960’s brick home that is currently tenanted with a return of approx $550 pwk. This offers the buyer a variety of options some of which are to either hold the property as a long term investment and build later, prepare plans for a renovation/extension of the existing house with a steady income trickling through, simply get everything in place for a substantial single luxury residence or without a doubt the MOST ALLURING of options – that being to proceed with the “already in place” preliminary and conditional WAPC approval for subdivision of the existing lot into 2 approx 338 sqm green titled lots with own street frontage and build 2 quality residences!
This last option could see you on-selling one of the new builds to contribute towards the overall final cost of the building of your choice that is to be retained, perhaps even selling both of the properties as the current market positions itself to rebound (and a premiere location such as this will position you to capitalise on such a market shift) or even to retain both properties whether it be for a long term investment option or maybe even to keep the family unit in close proximity of each other – in any event there are many options at your fingertips as you can see.
**Please note absolute discretion is required and any discussions will be treated in this manner as the owner does not wish to disturb the long term sitting tenant at all.
The current owner has instructed the property to be sold and it is very reasonable priced as you will no doubt see upon checking out the market in the prestigious South Perth locality – so do not hesitate to contact Michael Edwards on 0412 470 468 now to further discuss this fantastic buying opportunity.
**Concept Plans for Dual Lot Development will be available upon enquiry soon!
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