12 Erodium Place, Parkwood WA 6147

Attention all investors, developers and builders! This R40 corner block has WAPC approval in place for two survey-strata street front lots and, given the R40 zoning, even has triplex potential (STCA).

Beyond this, the current owner has also obtained Development Approval for two 4x2 single storey homes to be built on these two survey-strata lots. Full building plans, WAPC Approval, Development Approval, geotechnical report (class A soil classification) and engineering drawings can be provided to those ready to make an offer.

The property is currently tenanted at $480/wk until 28th October 2024 and is a very tidy 3 bed, 1 bath home with an up to date kitchen and bathroom.

This property is situated in a prime location only 900m from Riverton Forum, in close proximity to Lynwood Senior High School & Parkwood Primary School, Riverton Leisureplex and the stunning Canning River.

The options are endless with this potential-filled property:
- Buy & Hold
- Subdivide & Sell
- Subdivide, Build & Hold
- Subdivide, Build & Sell

With unprecedented demand for quality stock in this supply-poor market, this is your opportunity to capitalise on an outstanding development site packed full of potential. Contact Caleb Dalziell at Nearwater Real Estate today.

Rates & Fees:
Water: $1,105pa
Council: $1,712pa

DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent or the client, guarantee their accuracy. Interested persons are advised to make their own enquiries. The particulars contained are not intended to form part of any contract. Further, any floor plans included in the marketing material are for illustrative purposes only and the accuracy of dimensions or areas cannot be confirmed and should not be relied upon. Further, any rates or strata fees noted are estimates based on available information at time of publishing..