Rare opportunity to secure this 10 unit complex in a prime Palm Beach location, on a massive 2,135m2 site within easy walking distance to the beach & café strip and with Lake Richmond on your doorstep.
With R40 Zoning and a projected annual income of $110,000 this property provides a unique opportunity to purchase and retain the existing 2 bedroom units, or buy now and hold for future development options.
- All units currently rented and achieving between $215 - $235 per week
- Owner records show historical average 94% occupancy
- All units have separate Strata Titles
- Development potential with R40 Zoning
- Land area: 2,135m2
Please contact Craig Small of Professionals Rockingham on 0402 080 499 for further information.
*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. 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.
This property at 1-10/11-13 Vickery Street, Rockingham is a two bedroom, one bathroom house sold by Craig Small at Professionals Rockingham on 09 Aug 2021.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Rockingham or see other recently sold properties in Rockingham.
A life by the seaside is a drawcard for residents of Rockingham. Boasting some of the most beautiful beaches in the state, Rockingham straddles the balance of an urban and suburban lifestyle to great effect. It has a 27 square kilometre land area and is located 40 kilometres from Perth.
With the beach at its doorstop and a range of amenities, recreational facilities and entertaining options to enjoy, life in Rockingham offers plenty. The Rockingham Foreshore is a much loved area, with parks, jetties and numerous eateries and pubs, of which all enjoy ocean views. Star of the Sea Primary School, Bungaree Primary School and Rockingham Senior High School are the local schools.