104 Norman, Innaloo WA 6018

Buildings can also be sold individually! Call Jorden Peirce to discuss

Superbly located in one of Innaloo’s most sought after street, this massive development property will appeal to many buyers with 872sqm of land!

Only a short drive away to Scarborough Beach and within close proximity to Karrinyup Shopping Centre, Lake Gwelup Reserve, Westfield Innaloo, schools and public transport hubs. The demand to move into this appealing suburb will surely increase!

In a R40 zoned with street frontage of 20.1m, this property shows potential opportunities to develop up to four homes. The block is slightly elevated at the with possible views of Perth CBD from a second level!
OPTION 1 - Subdivide into 4 lots. Sell individual lots as house and land packages.
OPTION 2 - Develop into 4 double storey 4 bed 2 bath double garage homes. Sell end product to high demand market.
OPTION 3 - Rent out the properties and potentially collect up to $1500p/w to help service the loan. Enjoy the good capital growth whilst servicing the debt.
OPTION 4 - Move into one house whilst renting out next door. Use the $750p/w collected to help service the debt and develop down the track or just land bank
OPTION 5 - Buy just one building and gain entry into this sought after suburb with large backyard.

*Subdivision is subject to successful approval. A 4 lot development is possible. A 5% variation to the average lot size requirement is needed

The property already contains two renovated duplex homes with the ability to return a combined rent of $1500p/w.

FEATURES OF EXISTING HOMES:
- 2 Large open plan living areas
- 2 large backyards
- 4 Double bedrooms
- Built in wardrobes
- Double Garage
- 2 kitchens
- 2 bathrooms
- plenty of parking for boats or caravan
- Hard wired smoke alarms
- RCDs
- Alfresco

Be Quick! Opportunities like this don’t come around often!

Call Jorden Peirce on 0416 300 431 and register your interest today!

Missed out ? Follow me on Instagram for upcoming properties:
https://www.instagram.com/capitalpropertymarketingwa/?img_index=1


Disclaimer: Whilst every care has been taken in the preparation of the marketing for this property, accuracy cannot be guaranteed. Prospective buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Seller or the Seller’s Agent and are expressly excluded from any contract.