UNDER CONTRACT - MULTIPLE OFFERS RECIEVED - MORE INVESTMENT PROPERTIES/DEVELOPMENT SITES NEEDED
Presenting a rare opportunity to secure an in-line purchase of four appealing two bedroom villas, all on individual survey-strata titles, and all with their own street frontages to Collier Street, set across a total of 1011sqm of prime Applecross land, and offering a range of investment and development options. Current improvements consist of four 1960's-built character villas, all currently let on periodic tenancies to great tenants who have indicated they are keen to stay, providing the option of a leased investment, or vacant possession if you have other plans.
THE VILLAS:
All four villas feature Wandoo flooring, high ceilings, big windows, good natural light and a retro character feel, and all sit uniquely on their own survey-strata lots, each with their own driveway access from Collier Street. Each home features a walled private garden area, light and airy open plan living spaces, and a separate bedroom and bathroom wing.
THE LAND (SURVEY-STRATA LOTS):
Lot 1: 305sqm corner lot (Approx. 18.5m frontage)
Lot 2: 187sqm (10.45m frontage)
Lot 3: 256sqm (13.76m frontage)
Lot 4: 263sqm (14.53m frontage)
Total Landholding: 1011sqm
Zoning: R40
THE LOCATION:
Set in a prime position on the Applecross/Ardross border, the property is located within easy walking distance of the river foreshore, the Riseley Street precinct, and Wireless Hill Reserve, with easy access to the city and Fremantle via Canning Hwy, and with close proximity to Westfield Booragoon, Ardross and St Benedict's primary schools, and Applecross High School. With individual street frontages for each lot to Collier Street, there is no need for vehicles to access from Canning Highway.
THE OPTIONS:
Ideal to sit and hold as a solid rental investment in the short to medium term, these homes are ideal to sell off separately over time, as they are all individually titled. Alternatively, the homes could be demolished to make way for an upmarket development of four new designer homes, all with street frontage to Collier Street, and with the R40 zoning, it may be possible to stage the development over time.
INSPECTIONS:
As all properties are tenanted, we have arranged set access times for viewings on Saturday mornings throughout the campaign period. Please contact the agent to register your interest to attend a viewing.
SALE PROCESS:
All offers are invited by 4:00pm (WST) on Tuesday 4th July 2023 (If not sold prior). Relevant documentation and information is included in our Information Memorandum for the property.
MORE INFORMATION:
For further information, including price guidance, rental income details, individual floor plans, internal photos, and a copy of the Information Memorandum for the property, please call Nik Jones or for the fastest and most detailed response, send an email enquiry from this website (no SMS enquiries, please).
(NOTE: interested parties should make their own enquiries with relevant authorities regarding the zoning and development potential of the land, prior to proceeding with an offer to purchase).
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