19 Elizabeth Street, Osborne Park WA 6017

Rare Development Opportunity on Stirling's Princeton Estate Border!

This green titled property is an investors dream, sitting on 859sqm and zoned R30, it is sub-divisible subject to WAPC under the Development Control Policy 2.2 Clause 4.2.4. It allows a 5% variation minimum and average lot size variation meaning you can build up to 3 residences STCA.

It currently playing host to two side-by-side 2 bedroom 1 bathroom duplex halves – both boasting their very own separate rental incomes. There is an opportunity to develop immediately or take advantage of our booming rental market.

The first residence (#19A) welcomes you inside via a spacious lounge room that leads into a separate dining area with split-system air-conditioning and an updated kitchen – double sinks, range hood, electric cooktop/oven, ample storage and all. It also has its own private and secure backyard. The second home (#19B) has a similar setup and its own street-front access, as well.

An ultra-convenient location is simply an added bonus here, with lush local parklands, picturesque lakes, bus stops and even the vibrant Main Street café and restaurant strip all only walking distance away. Throw in a very close proximity to schools, the Stirling and Glendalough Train Stations, major shopping centres (including new-look Karrinyup), the freeway, the city and our pristine Western Australian coastline and you will soon find out that this is pretty much as central as it gets.

Features include, but are not limited to:

• Currently rented at $320/per week, the other $350/per week – that’s
$670/per week on rental income alone (with the potential to earn more)
• Both duplexes are 2x1 and of solid brick-and-tile construction
• Feature character ceilings, cornices and skirting boards
• Low-maintenance timber-look flooring
• Large bedroom sizes
• Separate bathroom and laundry wet areas
• Split-system air-conditioning
• Contemporary cooking appliances
• #19A has its own secure backyard with a garden shed, a paved sitting/entertaining
courtyard and an electric hot-water system
• Double carport
• Side access to a large lock-up workshop shed, at the rear

Reap the rewards by taking full advantage of a unique opportunity, within arm’s reach of where all the action is. You won’t regret your decision!

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.