30-32 Griggs Way, Rockingham WA 6168

Rare opportunity to secure this unit complex in a prime Palm Beach location, on a massive 1,518m2 green title site within easy walking distance to the beach & café strip and with Lake Richmond only meters away.

With R40 Zoning and a projected annual income of $49,660 (at historical long term rental prices) this property provides a unique opportunity to purchase and retain the existing 4 two bedroom units for ongoing income, or buy now and hold for future development options.

- 4 x two bedroom, one bathroom units
- All units currently rented and achieving between $225 - $260 per week
- Development potential for 6 unit subdivision (subject to council approval)
- Green Title site
- Zoning: R40
- Land area: 1,518m2

*The description provided is for general information purposes only. Professionals Rockingham believes that this information is correct, but it does not warrant or guarantee the accuracy of the information. Some photos may have been enhanced for your viewing pleasure. This property may differ from the photos upon inspection. Buyers are advised to undertake independent due diligence and make their own enquiries regarding the property, as no responsibility can be accepted by Professionals Rockingham for any information that may be deemed incorrect.