1-5/46-48 Newey Street, Rivervale WA 6103

This single titled, zoned R30, 1776sqm block in Rivervale, with 5 large two bedroom air-conditioned villas that are all tenanted, has the potential to build brand new townhouses, villas or units, whichever you like.

With separate water and power meters already set up and a bore to keep the gardens healthy, to surround or sit on the existing well-built villas, you could wait for the natural appreciation of the units or redevelop them in the future and reap the benefits of rezoning possibilities in this fantastic location.

This is definitely an investment opportunity not to miss out on!