Rare opportunity to secure this unit complex in a prime Palm Beach location, on a massive 1,518m2 green title site within easy walking distance to the beach & café strip and with Lake Richmond only meters away.
With R40 Zoning and a projected annual income of $49,660 (at historical long term rental prices) this property provides a unique opportunity to purchase and retain the existing 4 two bedroom units for ongoing income, or buy now and hold for future development options.
- 4 x two bedroom, one bathroom units
- All units currently rented and achieving between $225 - $260 per week
- Development potential for 6 unit subdivision (subject to council approval)
- Green Title site
- Zoning: R40
- Land area: 1,518m2
Please contact Craig Small of Professionals Rockingham on 0402 080 499 for further information.
*The description provided is for general information purposes only. Professionals Rockingham believes that this information is correct, but it does not warrant or guarantee the accuracy of the information. Some photos may have been enhanced for your viewing pleasure. This property may differ from the photos upon inspection. Buyers are advised to undertake independent due diligence and make their own enquiries regarding the property, as no responsibility can be accepted by Professionals Rockingham for any information that may be deemed incorrect.
This property at 30-32 Griggs Way, Rockingham is a two bedroom, one bathroom house sold by Craig Small and Kelsey Dyck at Professionals Rockingham on 28 Nov 2022.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Rockingham or see other recently sold properties in Rockingham.
A life by the seaside is a drawcard for residents of Rockingham. Boasting some of the most beautiful beaches in the state, Rockingham straddles the balance of an urban and suburban lifestyle to great effect. It has a 27 square kilometre land area and is located 40 kilometres from Perth.
With the beach at its doorstop and a range of amenities, recreational facilities and entertaining options to enjoy, life in Rockingham offers plenty. The Rockingham Foreshore is a much loved area, with parks, jetties and numerous eateries and pubs, of which all enjoy ocean views. Star of the Sea Primary School, Bungaree Primary School and Rockingham Senior High School are the local schools.