29 Banyard Avenue, Kelmscott WA 6111

UNDER OFFER BY TRAVIS GROGAN

Set right in the heart of Kelmscott with easy access to Kelmscott Train Station, shopping centres and schools; this represents a rare opportunity to purchase blue chip real estate with an established business bringing in solid revenue.

THE BLOCK
The property is a total of 1371sqm and is zoned R25/60, meaning there are some very good options for the future of this property. With enormous road and rail works almost completed in the area, this location is set to be a popular spot for dense residential development.

THE DWELLINGS
There are two houses on the block, the front is a 5x2 and the back is a 5x1. The property has an approval in place to run a short-stay accommodation business with each room being rented independently - and the demand is HUGE! Many of the residents have been in the property long term, with the longest being 6 years! The total revenue sits around $70,000 PA (the going rate is $175-$200 per room, per week) and for serious buyers, the financials are available for inspection.

There is ample parking plus a large lawn area at the back and a shed.

WHAT NEXT?
If you would like more information, please hit the EMAIL AGENT section of this website and request an information memorandum and we will get in touch