Definitely run the ruler over this multi unit development opportunity that provides substantial investment income too.
This 809 sqm holding property provides 2 dwellings:
- A 2 level, 3/4 bedroom 1 bathroom dwelling providing spacious living areas, with rear under croft car port and rear garage. Currently leased until February 2024 at $500 per week.
- Plus a fully detached 2 bedroom, 1 bathroom, ancillary dwelling that is currently tenanted on a periodic lease at $225 per week.
The development opportunity is equally as attractive, with the recently upscaled Stirling City Centre zoning potentially providing multi-unit redevelopment (*subject to all Council approvals*) and having a secluded location that is still close to Stirling Train Station and the Karrinyup Shopping Centre. Contact us to get a copy of the scheme or call the City of Stirling planning officers.
The property has had money spent over the last few year to include polished jarrah floor board, lighting upgrades, window treatments, carpet, and split AC system, also providing a very liveable proposition to any astute buyer.
This opportunity is one that provides flexibility wherever the market takes you.
To arrange a viewing or discuss all the options this property provides please contact James Cornell on 0401 362 623.
Disclaimer - We have provided this information based on our knowledge in good faith on a no liability basis. We strongly recommend making your own enquiries to satisfy yourself on all the above information and contact relevant statutory bodies where appropriate.
This property at 19 Osborne Place, Stirling is a five bedroom, two bathroom house sold by James Cornell and Amanda Reid at Spraggon George Real Estate on 26 May 2023.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Stirling or see other recently sold properties in Stirling.
Stirling is an established suburb 12 kilometres north of Perth. Bound by the Mitchell Freeway, Stirling was originally part of Osborne Park before being officially gazetted in 1976 as Stirling. Development of the area progressed quickly and continued throughout the 1980s and 1990s.
Stirling's proximity to the Mitchell and Kwinana freeways provides residents with quick and convenient access into and out of Perth. Within the suburb there is the Stirling Village Shopping Centre, which exists to service the immediate needs of locals and houses a supermarket and a number of speciality stores. Parks and reserves are dominant in Stirling with everything from sporting fields to children's play equipment catered for. Also in the suburb are the City of Stirling offices, Osborne Park Hospital and the Stirling Train Station.