16 Light Street, Shoalwater WA 6169

Very hard to find! 910m2 block that is subdividable (subject to council approval) with the ability to put two homes on it. There is an existing retro 70's home with original features on the block that is generating $320 pw in rental. The lease is up in August 2022 but the tenant would like to stay on. There are so many options here:-

1) Subdivide and develop now
2) Landbank and build in a few years
3) Battle-axe option
4) Build your dream home on huge block

This is an outstanding opportunity for the future whether you build now or bide your time - but remember having this in your portfolio is better than seeing it in someone else's.

Features Include:-
- 20.8m of street frontage
- Existing 2 bedroom residence (rented out at $320pw)
- Existing lease in place till August 2022 (but the tenant wants to stay on)
- home features pot belly fireplace and air conditioning

Location:-
- 250m to Lake Richmond (Google Maps)
- 1km to the beach (Google Maps)
- 2.5km to Rockingham Centre (Google Maps)
- 2.6km to Point Peron (Google Maps)


Call Shaun Groves on 0414 461 976.



*The description provided is for general information purposes only. Professionals Rockingham believes that this information is correct, but it does not warrant or guarantee the accuracy of the information. Some photos may have been enhanced for your viewing pleasure. This property may differ from the photos upon inspection. Buyers are advised to undertake independent due diligence and make their own enquiries regarding the property, as no responsibility can be accepted by Professionals Rockingham for any information that may be deemed incorrect.