238A & B Walcott Street, Menora WA 6050

If you're an ASTUTE BUYER looking to increase your yield this is AN OPPORTUNITY NOT TO BE MISSED!

Quite simply this is a VERY UNIQUE property.

Why is it unique? Well the land here is zoned R12.5, but somewhere in its past someone cleverly purposely built this unique home and then strata titled it into two titles that today, could offer a great rental investment with MASSIVE future potential!

Be prepared to be challenged and be prepared for some hard work, but if you're clever, you will unlock the ENORMOUS POTENTIAL this property holds!

HOME IN BRIEF
- Unit B & C are on one strata lot of the title and consist of a large 2 bedroom, 1 bathroom apartment upstairs and a 1 bedroom 1 bathroom apartment downstairs.
- Unit A & D are on another strata lot of the title and consist of a larger 3 bedroom 1 bathroom apartment upstairs and another one bedroom 1 bathroom apartment downstairs.
- Each strata lot shares a common laundry.
- Total rent currently received is $1000 per week over all 4 units. This could be valued added by renovating the apartments and the exterior of the building so that you can yield up your return.
- All the land around the units is common property and can potentially be further amalgamated/divided into the part lot of each side of the strata plan.
- Options galore for onsite parking.
- Ideal student accommodation for nearby ECU.
- On public transport route to the city and nearby to the shops and cafes at Angove Street.
- Built: 1984 (approx)

AREAS
Total land: 1007sqm (approx)
Zoning: R12.5
238A Internal: 226sqm (as per title)
238B Internal: 188sqm (as per title)

OUTGOINGS
238A
- Council rates: $2,290/pa (approx)
- Water rates: $1,021.69/pa (approx)
238B
- Council rates: $1,887/pa (approx)
- Water rates: $1,012.65/pa (approx)

SOUND COMPLICATED?
We've broken it down for you. Email us TODAY for an information pack including detailed floor plans, internal photos of each unit and survey.