18 Elsie Street, Gosnells WA 6110

993sqm CORNER SITE!
This is an extraordinary opportunity for anyone wanting development potential - on a site that's actually worth developing.

The original three-bedroom home is in pretty good condition throughout and is leased at $365 per week by a tenant who would like to stay. There is a big workshop, and approximately 500sqm facing Rex Street.

SUBDIVISION POTENTIAL
We never make claims that you can do anything with any property because everything is subject to approval. And you have to deal with local government departments and they don't make promises either (aside from the ones about parking tickets, they always keep those promises). One thing I will say though is that if you do a bit of research you will see there are some serious options with this property. Due to the density bonus of up to R30, you can potentially build two new street front dwellings and retain the existing house. There is also a proposal for R40/R60 in this area.

Call a town planner, ask them some questions and make your decision.
But do it quickly;
-Because sites like this are rare.
-The market is at the most affordable it's been in years for now.
-Interest rates are still at record lows for now.

Secure this site while you can, call Mark Grogan 0431 323 706 today and see it for yourself!