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BLOCK OF 10 APARTMENTS ON 2163SQM OF LAND
ONCE IN A LIFETIME OPPORTUNITY!!
Once in a Lifetime Opportunity to secure this enviable investment opportunity that boasts 10 Apartments registered on a single Multi-Lot title (ie not strata)
212 Eighth Avenue Inglewood affords the astute investor a total of 10 Apartments on a HUGE 2163sqm block Zoned R30 HPA with 2 street frontage (access to sealed & lit rear right of way) in a sought after location handy to most facilities and easy commute via Beaufort Street to the CBD and is an ideal prospect for those looking for a solid investment.
212 Eighth Avenue comprises 10 Original Apartments spread over 2 floors and provides a mix of 4 larger 2 bedroom apartments and 6 x 1 bedroom apartments providing and ideal investment for the astute Renovator/ Investor with a bit of flair and imagination looking for a present day ONE OFF investment project with holding income or those looking to take advantage of the generous land holding and further explore and develop the opportunities that come with a property of this size and zoning.
This Circa 1960's Build block of flats is in a sought after quiet location on a large block and is just 200m from the Heart of Inglewood, ensuring that everything that Inglewood & Mount Lawley have to offer is right on your doorstep. 212 Eighth Avenue Inglewood is perfectly located so as to provide easy access to Public Transport, Beaufort Street social precinct, the Perth CBD, Edith Cowan University and local shopping & entertaining amenities.
The Current Owner has already done all the hard work and received WAPC approval, subject to certain conditions, to subdivide the land holding into 8 individual Strata Lots, with this approval valid until 2025 should you wish to take advantage of this option and redevelop.
**Please note that there is currently a mix of Fixed Term & Periodic Leases over the 10 units**.
Title Particulars:
Multi Lot Title
Lots 272, 273 & 274 on Plan 2877
Volume: 16 Folio: 100A
Lot Size - 2163sqm Approx
Zoned R30HPA - City of Stirling
Council Rates: $10,702 pa (FY 2022/23)
Water Rates: $9,000 pa approx (FY 2022/23)
For Further Details or to Arrange your Private Inspection please contact Agents:
Stuart Irving 0418 920 672
Brad Irving 0422 678 144
www.irvingandkeenan.com.au
Property features
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Carports
5
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Toilets
10
Property snapshot by reiwa.com
This property at 212 Eighth Avenue, Inglewood is a fourteen bedroom, ten bathroom house sold by Brad Irving and Stuart Irving at Irving & Keenan Real Estate Pty Ltd on 20 May 2023.
Looking to buy a similar property in the area? View other fourteen bedroom properties for sale in Inglewood or see other recently sold properties in Inglewood.
Cost breakdown
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Council rates: $10,702 / year
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Water rates: $9,000 / year
Nearby schools
Inglewood overview
Inglewood is an inner-northern suburb of Perth with a rich history and heritage. Present-day Inglewood is influenced by the charm of its past. Established in 1831, the bulk of Inglewood's landscape stems from its two distinct growth periods, 1904 to 1920 and 1935 to 1940, with renovation and restoration returning the pre-war vintage homes to their former glory.
Life in Inglewood
The lifestyle in Inglewood is one of charm and convenience. Its beautifully old-fashioned suburban landscape is unique, yet its proximity to major urban inner-city hubs ensures modern conveniences and requirements are met. Inglewood's main commercial area is located on Beaufort Street and features retail facilities, cafes, a library, recreation centre and amenities. There is also an aquatic centre, golf course, facilities for tennis and soccer, a major park and a local primary school within the area.
Inglewood quick stats
High end
$1.4m
Median
$1.1m
Low end
$911k
13.7 %
Annual growth
$1.1m
Annual median sales price
$750pw
Annual median rental price
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