33 Mangini Street, Morley WA 6062

Investor's Dream

Simar, your Local Morley Property Matchmaker, is thrilled to present another outstanding opportunity to the market.

This property offers a range of possibilities, and your decision may be influenced by your specific goals and preferences. Here's a comprehensive overview:

Property Highlights:

Located in one of the premium pockets of Morley, this 769m2 development site is zoned R40/60.

Two separate homes on one block, each with its own driveway and entry. The existing home (3/1/1) and separate granny flat (1/1/1) provide current rental income of $800 per week. This could be a great investment with a bit of elbow grease and some new finishes.

A rare opportunity in Morley located opposite Pat O'Hara Reserve within walking distance to Morley Galleria and Coventry Markets showcasing significant development potential.


With options galore, consider the following:

Develop:

With the property's generous size and favourable zoning, there's potential for development. Demolishing the existing structures could lead to the creation of a triplex site with R40/60 zoning. Additionally, with WAPC approval, a quad site is possible, potentially accommodating up to 7 apartments (subject to relevant approvals).

Renovate:

If your goal is to keep and land bank, the existing home and separate granny flat provide rental income of $800 per week. Renovating these structures could enhance their appeal and potentially increase rental income. This option is suitable for those looking for a profitable long-term investment.

Detonate:

For a completely fresh start, the option to demolish and rebuild is available. This allows for the construction of a new development tailored to your vision and preferences.

Additional Property Features:

Located within proximity to many establishments and amenities including, but not limited to

Shopping centres:

- Coventry Village Shopping Centre (650mtr)
- Galleria Shopping Centre (700mtr)
- Crimea Shopping Centre (1 km)

Schools:

- Morley Primary School (550mtr)
- Infant Jesus School (1.3km)
- Weld Square Primary School (1.5 km)
- Embleton Primary School (1.8km)
- John Forrest Secondary College (2 km)
- Hillcrest Primary School (2.4 km)
- Chisholm Catholic College (2.5 km)
- Noranda Primary School (2.6km)

Other desirable location benefits:

- Easy walk to nearby coffee shops and restaurants
- Open recreational areas/ parklands
- Walking distance to Bayswater Waves which is a great recreation centre
- Near to the New Metro Link stations at Morley and Bayswater
- Approx 8.7 kms away from the CBD and Approx 12 kms away Perth Domestic Airport
- Easy access to Tonkin Highway.

Call Simar on ?? 0433767296 or Email [email protected] to schedule a viewing.

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