130 Edward Street, Osborne Park WA 6017

1012m block with dual entry and R40 zoning with DA approval for 8 x 2 bed units.

Take a tour of your new property purchase now by copying and pasting this link into your browser; https://youtu.be/FTBOc6DPucI

Save over $40,000 in planning costs as the approved plans come with the property.
This terrific investment opportunity is situated on Edward Street on a quarter acre block with existing, brick and tile 3x1x1 home built in 1953. It currently achieves a modest rent and allows a developer or investment buyer a tax deduction advantage until they are ready for a development construction.

The current Development Approval for 8 units expires in August 2018. With recent amendments having passed through council, this is one of the few areas still with R40 zoning in this precinct, and a sought-after opportunity for investors and developers alike. All plans and drawings come with the property, saving you thousands, or you have the option for a multiple townhouse development instead.

The property is ideally located to also draw interest from unit and town house buyers looking in the surrounding suburbs of Innaloo, Karrinyup, Tuart Hill and Mt Hawthorn, and is well serviced by a variety of local schools, recreation facilities and shopping and lifestyle areas, and close to all major transport including Glendalough Train Station, making it an ideal location for new aspiring home owners.

KEY STRENGTHS

wide street frontage of 20.1m and length of 50.3m on a block of 1012m, zoned R40
Cruikshank Lane at the rear enabling greater design options for access and parking
Established home towards the front of the block, allowing for retain and divide or demolition
Positioned on Edward St ensures multiple unit development sustainability
Existing home providing tax benefits and income stream