On this 807 sqm block of land are seven apartments all on one title with a potential annual income of $82,000 (Being a gross sum on a fully leased basis).
This mix of three one bedroom/one bathroom and four two bedroom/one bathroom units with only two renovated, has scope for improvement to increase the rental income even further. There are garages for three vehicles.
Or this R30/40 development site could be re-developed into two or three green title properties. (A fourth might be possible subject to local council approval).
Or strata title all the units and sell them individually.
Or there is the potential to re-build seven apartments.
In such a sought after suburb near the Perth CBD, Swan River, Shops, schools and transport, this opportunity could not be more over stated.
Contact Bill Mckenzie with any enquiries.
*Some of the above information is based on information given by The City of South Perth and any plans for re-development requires their approval.
