3 Kings Park Avenue, Crawley WA 6009

Block of 4 Units For Sale - Development Site with Holding Income on 1,348 sqm

Constructed in 1969, this block of four 2-bedroom, 2-bathroom units each occupy their own level and all have a double garage.

Current Leasing:

All four units are currently leased, generating a total weekly income of $2,260, equating to approximately $117,520 per annum.

Development Potential:
- Zoned R60 and currently undergoing rezoning with the City of Perth.
- The R60 zoning allows for 9 group dwellings or 15 multiple dwellings.
- 1:1 plot ratio permits up to 1,348sqm of total living area (gross floor area of all buildings on site).
- Proposed developments can reach a maximum height of 39 metres (approximately 9–13 levels depending on floor heights).
- River views are possible from the 4th floor upwards.
- All development is subject to relevant approvals and setbacks.

Location Highlights:
- Close to sporting facilities, public transport, shopping, recreational centres, and schools (private and government).
- Minutes from UWA, Sir Charles Gairdner Hospital, the Swan River foreshore, and the Hampden Road café strip.
- Nearby golf, tennis, hockey, cricket, and football facilities.

Council Rates:
Unit 1: $1,687.20 per annum
Unit 2: $1,687.20 per annum
Unit 3: $1,687.20 per annum
Unit 4: $1,747.90
Total: $6,809.50 per annum

Water rates:
Unit 1: $1,041.02 per annum
Unit 2: $1,041.02 per annum
Unit 3: $1,041.02 per annum
Unit 4: $1,075.72 per annum
Total: $4,198.78 per annum

-Reticulated grounds
- The property is strata title but not strata managed. Lift maintenance is $1,300 per annum and gardening maintenance is $1,920 per annum.

Contact: Gordon Davies on 0409 181 727 to discuss this opportunity to purchase a prime development site in leafy Crawley.