Sold
126 Albert Street, Osborne Park WA 6017
Sold price: $1,015,000
Sold: 11 Oct 2023
Sold
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6 Bedrooms
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2 Bathrooms
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Landsize 1,012m2
House
View
UNDER OFFER... ?? Prime Investment Opportunity with Development Potential ??
Unlock The Potential Of This Super Centro Development Site
This large corner site on a flat, 1012m2 land parcel offers a rare chance to secure a solid investment in a sought-after location. With R40 zoning and a prime position, this property presents a golden opportunity for savvy investors and developers.
Property Highlights:
* Location: Situated at the gateway to the CBD and Osborne Park Business District, this property boasts convenient freeway access, making commuting a breeze.
* Land Parcel: With a generous 1012m2 land parcel, this corner site provides ample space for future development, offering the potential for 3 - 4 units (subject to council approval).
* Versatile Zoning: R40 zoning provides flexibility and opportunity for a diverse range of development options.
* R.O.W Access: The property benefits from rear-of-way access, enhancing its development potential and providing additional accessibility .
* Current Rental Income: Both residences are currently on periodic leases, generating sound rental returns. This provides a steady income stream for investors.
* Tenant Option: The property offers the option to retain the current tenants while planning and executing your development strategy.
* Amenities: Enjoy unparalleled accessibility to all amenities, including the bustling Osborne Park business district, Main Street's popular cafe strip, public and private schools, and major shopping centers.
* Central Location: With its central location, you'll be strategically positioned to take advantage of the best that the area has to offer.
* Investment Snapshot:
- Land Area: 1012m2 (approx.)
- Zoning: R40
- Development Potential: 3 - 4 units (STCA)
- Current Rental Income: Secure periodic leases in place
- Access: Direct freeway access to CBD and Osborne Park Business District
Seize the opportunity to make your mark on this exciting property. Whether you're an investor looking for solid returns or a developer with a vision, this property offers the canvas for your ambitions. Act now and reap the rewards of this exceptional investment.
For more information or to arrange a private viewing, contact Dominic Ferraro at Abel Property . Don't miss out on this chance to secure your future in a rapidly growing area!
(Disclaimer: All information provided is deemed reliable, but not guaranteed. Prospective buyers are advised to conduct their own due diligence)
Property features
Property snapshot by reiwa.com
This property at 126 Albert Street, Osborne Park is a six bedroom, two bathroom house sold by Dominic Ferraro at Abel Property Sales on 11 Oct 2023.
Looking to buy a similar property in the area? View other six bedroom properties for sale in Osborne Park or see other recently sold properties in Osborne Park.
Cost breakdown
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Council rates: $2,989 / year
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Water rates: $2,158 / year
Nearby schools
Osborne Park overview
The years following the Second World War saw the transformation of Osborne Park into the mixed-use residential, industrial and commercial suburb it is today. Part of the City of Stirling's municipality, Osborne Park has a land area of five square kilometres and a population exceeding 4,000 people.
Life in Osborne Park
The Osborne Park industrial area is a significant feature within the suburb, housing showrooms, retail outlets and business offices. The residential sectors of Osborne Park enjoy numerous small recreational parks, while Herdsman Lake is a large area of open space that attracts both locals and visitors.
Main Street is a beacon for lovers of multicultural cuisine with restaurants, cafés and shops lining the lively street. Also in the suburb are a number of recreational facilities such as gymnasiums and indoor sporting centres, and a local primary school.
Osborne Park quick stats
High end
$788k
Median
$710k
Low end
$667k
12.7 %
Annual growth
$710k
Annual median sales price
$750pw
Annual median rental price
