911 SQUARE METRE BLOCK ZONED R40

Professionals Victoria Park is proud to offer for sale this rare development property which is zoned R40 and on the doorstep of East Victoria Park. The property has potential to be subdivided and redeveloped with up to 4 townhouses, multiple dwellings being apartment style residences or retain the front residence and build up to two dwellings behind the existing residence. The existing residence does require refurbishing and will provide you with a holding income as well as add significant value should you decide to retain the front residence and build behind. Or if you want an excellent long term investment property with many future options then please consider this property.

The residence comprises 2 bedrooms, study/sleepout, entrance hall, front living room, dining area off the kitchen, 1 bathroom and separate laundry.

The property is only 8 kilometres from the Perth CBD and there are many facilities close by including The Park Centre Shopping Centre East Victoria Park, Carousel Regional Shopping Centre and the Welshpool Train Station is only 1 kilometre away.

Property ID: 876182