Sold $850,000 - House, Residential
Location, Lifestyle and Development Potential
With government economic incentives and ongoing residential and commercial restructuring in the area and surrounding suburbs, this duplex property is placed in a strategically great financial position. Buy this duplex to live, to invest and to develop to create wealth, it has value for money as a development property and a great investment for home-owners, investors and developers who are looking to secure convenient living and great potential at one go.
Currently 93A is tenanted till November 2020, 93B is tenanted till Apr 2021, perfect for developers to get your plans approved while having income coming in.
Features of the property:
- Duplex with two 3×1 original 1976 houses
- Generating Two Rental Income
- Huge development block size of 1042sqm zoned R20/40 (subject to council and WAPC approval)
- Open plan living area adjoins kitchen and dining area
- Robes in bedroom all bedrooms
- Large backyard with enclosed patio and garden shed
Perfect location to all amenities:
- Walking distance to Rivervale IGA, 935 bus stop, Orrang Rd and Great Eastern Hwy
- 5km to Crown Casino complex
- 3km to Belmont Forum Shopping Centre
- 5km to Victoria Park cafes, restaurants and shops
- 7km to Perth CBD
- 4km to Perth Domestic Airport
- Surrounded by shops, public transport, parklands, education facilities, restaurants and fast food outlets.
Multiple Potential Development Options (STCA)
1). Retaining the existing dwelling and build two houses at the rear.
2). Create 4 good size Survey Strata title lots.
3). Build 4 townhouses or strata houses.
To book your inspection or further information contact Jina Zou on 0488 700 572 or Roy Li on 0415 007 588.
Bonus: Take advantage of the new building grants from Federal and State government!
Federal Government Grant: $25,000
State Government Grant: $20,000
First Home Buyer’s Grant: $10,000