1 Merivale Way, Greenwood WA 6024

Large corner site with R20/40 zoning and amazing development potential

As the name implies, Greenwood is green and leafy with many parks, trees and playgrounds. Centrally located within the peaceful family-friendly suburb is this level 830m2 corner block with two street frontages. The outstanding development opportunity features access from both Merivale Way and Allenswood Road. With a R20/R40 zoning, there is immediate potential for a large home or subdivision potential STCA. One huge benefit of the site is that if the dwellings are located near the two streets, the remaining open space is in the north-east corner of the block for passive solar design. The fully-fenced land comes with a solid four-bedroom brick-and-tile home that may be gainfully leased out pending the development. This existing family home includes a 20-panel solar system, carport and large shed (useful during possible development works later). Not only is this an ideal development site, but it is also ideally situated in close proximity to all amenities…

Prime location
- Greenwood Village & Coles (just a 4-min walk);Kingsway City Shopping Centre & Woolies (2.3km); Warwick Grove Shopping Centre & Kmart (2.8 km); Newpark Shopping Centre (2.9 km); and Coolibah Plaza (3.2 km)
- Penistone Park (3-min walk); Blackall Reserve (5-min walk); Hotel (9-min walk); ten-pin bowling (2.5 km); gym (2.6 km); cinema (2.9 km); golf (3 km)
- Zoned for Greenwood Primary (3-min walk) and Warwick Senior High (1.8 km)
- Easy access to Mitchell Freeway, Hepburn Ave, Warwick Rd and Wanneroo Rd
- Excellent public transport: 1-min walk to buses; Greenwood Station (3.4 km); ten-min bus trip to Warwick train station then 13-min train ride to city
- Perth City (17 km or 18 min); Sorrento Beach (7.8 km or 10 min)

Investment opportunities that tick all the boxes like this development site are rare, so call Jo Femia on 0402 459 400 for further information.

Outgoings
Council (City of Joondalup) | $1,625 pa
Water Corporation | $ 1,070.05 pa