This is one of the most unique opportunities, we have ever had the pleasure bring to the market in recent times.
Superbly located in the Riverside location of Crawley on 845m2 with double street frontage. This block of renovated two-bedroom strata titled apartments offer the savy investor/developer a truck load of options. The three level 1960 brick building features seven lock up garages and an immediate strong cash flow, could be derived by a general refurbishment and leasing to the medical/university/Nedlands/Shenton Park region.
The bonus is that the property has a development approval in place for the construction of an architecturally designed six level apartment complex, consisting of 20 x two bedroom and 5 x one bedroom apartments. Full plans, drawings, renders and approvals are in place and available.
This is a unique opportunity to set and forget, refurbish, and hold or sell off individually or develop now or later. With such a superb blue-chip location you will be sure to prosper from whichever angle you look.
The last two complexes in this same location sold quickly to savy investors, who were quick to realise the potential here in such a unique location. Don’t hesitate to secure your future asap.
This property at 147 Fairway, Crawley is a two bedroom, one bathroom apartment sold by Jack Patterson and Mark Hay at Mark Hay Realty Group on 30 Nov 2022.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Crawley or see other recently sold properties in Crawley.
Crawley is a small suburb located within the municipality of the City of Perth. Home to the University of Western Australia, the state's oldest university, a large portion of the suburbs demographic is made up of students who reside within Crawley Village, a collective group of properties owned and operated by the university.
Beautiful scenery at every turn defines the Crawley landscape. With the banks of the Swan River at its door steps and the beautiful skyline of Perth City within view, the stunning vistas of the suburb will never tire. Features of note include the Matilda Bay Restaurant and Bar which presents a fine dining experience on the water and the Royal Perth Yacht Club, which is often used as a stunning venue for weddings and other celebratory occasions.