107 Toorak Road, Rivervale WA 6103

928SQM CORNER TRIPLEX BLOCK - SLASHED 50K TO SELL

(BLUE RIBBON INVESTMENT/DEVELOPMENT)

Excellent opportunity to secure this sought after triplex development site in central Rivervale location with older style character home returning $365pw. Perfectly rectangular in shape the current owner has obtained a formal DA approval for three street frontage blocks lapsing on the 9/8/25. Surrounded by modern developments this outstanding corner block is quickly becoming a rare commodity and will be highly prized in the future by all types of developers.

THE BLOCK:

• Rectangular shaped 928sqm corner R20/30 triplex block.
• DA approval has been obtained for three street front lots.
• Build single or double level homes all with street frontage.
• Retain existing character home and build 1 home for now.
• Sewer & water services all well placed and available to site.

THE HOME:

• Classic 1951 built timber frame two bed character home.
• Separate lounge room with country style kitchen/dining.
• Massive double door lock-up garage/workshop/man cave.
• Fully fenced and secure with side gate to Campbell Street.
• Returning $365per week until 16/8/23 to excellent tenant.

THE LOCATION:

• Central high growth Rivervale location hot for development.
• Boasts a medium price of $628,000 & 7.3% 12mth growth.
• Walk to Kooyong Shops, netball courts & Rivervale primary.
• 5mins to Belmont Forum, town centre & sporting grounds.
• 5-10mins to Burswood, Optus Stadium, Vic Park & Airport.

To secure today contact Belmont's #1 agent DEVON KELLY "Mr Belmont" 0417 936 277 or DANIEL KELLY 0456 180 575