overview

  • 1P2374
  • House
  • Sold
  • 111 sqm
  • 911 sqm
  • 6
  • 3
  • 1
  • 18.1 meter
  • $1,504.00 Per Year
  • $1,134.00 Per Year

Description

Calling all DEVELOPERS or RENOVATION ENTHUSIASTS! (A Unique Investment Opportunity! Open Time CANCELLED - UNDER OFFER
This large 911 sq mtr property, zoned R20/40 Low-Med density residential, with an existing 1964 built 3 x 1 home, set on a uniquely elevated position in Cloverdale, with City views, is any Developer's dream!

Close to some of Perth's major family attractions, such as the beautiful Swan River, an array of wonderful Children's Playgrounds to choose from, Optus Stadium, Matagarup Bridge, Crown Resort and within a short drive to the CBD hub of our wonderful Perth City. The location provides quick & easy access to major arterial roads such as Graham Farmer Freeway, Orrong Rd, Tonkin Highway, Great Eastern Highway, Leach Highway and the forthcoming neighbouring DA6 Precinct. The potential to maximise returns is exceptional.

The existing 1964 brick & tile home has been tenanted for some time, now vacated, ready for sale and is 111 sq mtrs, has 3 bedrooms, 1 bathroom, loungeroom, open fireplace, dining room, kitchen and wooden floors throughout. (These will restore well, if keeping the home.)

The home needs TLC to be brought back to its former glory, however the outstanding story here is the rare and magnificent, elevated 911 sq mtr block, which has room for 3 medium size or 4 modest size group dwelling units or an 8 unit multiple dwelling apartment complex, the latter which has already been successfully achieved, on exactly the same size blocks, 2 doors apart, either side.

NOTE: Frontage is 18.1 mtrs x 50.29 mtrs in depth.
IMPORTANT NOTE: On 24/4/2018, the Owners had the foresight to apply for Subdivision Approval from WAPC. This was granted "Subject to Condition(s) - Freehold (Green Title) Subdivision" and is valid until 20/7/2023.
Refer also: "Surveyor's Plan, supporting application for Subdivision," visible within 'Documents.'

Be the first to see this and get in quick to capitalise on this genuinely exciting opportunity and realise an excellent return on your investment in buoyant times.

Close to key locations:
- 1.1 klms to Belmont Forum Shopping Centre
- 450 mtrs to Belgravia Medical Centre
- 6.4 klms to Perth Domestic Airport
- 6.8 klms to International A'Port
- 6.3 klms to Crown Resort Perth
- 10.4 klms to Perth CBD
- 7.2 klms to Optus Stadium
- 14.1 klms to Kings Park & Botanic Gardens
- 26 Mins drive (ref: google maps) to the beautiful & historic Swan Valley, where superb wine & great restaurants beckon
- 14.9 klms to Hillview Golf Course
- 10.2 klms to Royal Perth Hospital

Current Outgoings:
Council Rates: $1,504 pa
Water Rates: $1,134 pa

Features

  • Living Area
  • Fireplace(s)
  • Pet Friendly
  • Area Views
  • Car Parking - Surface
  • City Views
  • Close to Schools
  • Close to Shops
  • Close to Transport

3D Tour

floorplan

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