Developers looking for a great project with the benefit of an existing home, this 728sqm R40-zoned property offers an excellent opportunity.
The position of the current residence may allow for the creation of one additional lot at the front and one additional lot at the rear, while retaining the existing house on its own separate lot, as illustrated in the available concept plans/photos and subject to relevant approvals.
This creates a total potential outcome of three lots without needing to immediately demolish the existing residence.
Potential Options:
Option 1: Explore subdivision and development opportunities, subject to relevant approvals.
Option 2: Develop up to 3 single or double-storey homes to meet strong buyer demand for quality new homes in Innaloo.
Option 3: Retain the existing fantastic tenants and collect approximately $600 per week while holding the land for future development.
Option 4: Retain the existing building and create three development lots, providing flexibility to develop or sell into a high-demand market.
Features
3 Bedrooms
1 bathroom
Large store shed
Alfresco areas
Landscaped gardens
Hard-wired smoke alarms and RCDs
Ample parking for boats, caravans or additional vehicles
Location:
• 150m local shopping centre
• 150m The Saint George Hotel
• 300m Nearest Bus Stop
• 500m Yuluma Primary School
• 800m Cup & Co Innaloo
• 2.1km Freeway/Stirling Train Station
• 2.2km Westfield Innaloo
• 2.7km Churchlands Senior High School
• 4.3km Scarborough Beach Foreshore
This properties blue chip location offers easy access to Perth CBD, Karrinyup Shopping Centre, Freeway entry, Stirling Train Station and Shops, Bars and Scarborough Beach. There are a variety of transport options giving you easy access to the CBD.
Call Jorden Peirce on 0416 300 431 and register your interest today!
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This information is provided for general information purposes only and does not constitute any representation or warranty by the Seller or the Agent. Interested parties must rely on their own enquiries and independent advice regarding title particulars, zoning, planning controls, development potential, services, dimensions and approvals from the relevant authorities.
This property at 17 Escot Rd , Innaloo is a three bedroom, one bathroom house listed for sale by Jorden Peirce at Capital Property Marketing WA.
For more information about Innaloo, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Innaloo profile page.
If you would like to get in touch with Jorden Peirce regarding 17 Escot Rd, Innaloo, please call 0416 300 431 or contact the agent via email.
Innaloo is a mixed-use suburb 10 kilometres from Perth City. It is bound by Karrinyup Road to the north, Mitchell Freeway to the east, Scarborough Beach Road to the south and Huntriss Road to the west. Extensive development of Innaloo began in the 1940s, with many of the homes that stand today renovated or restored versions of the original heritage buildings.
With the beach close by as well as major shopping and retail facilities, Innaloo provides an enviable mix of urban and suburban benefits. Westfield Innaloo Shopping Centre is a central fixture of the suburb and is a major retail and commercial centre within the Perth metropolitan area. Parks and walkways feature throughout as well as recreational facilities, primary schools and other smaller shopping facilities.