41-43 Spring Park Road, Midland WA 6056

NOT ONE BUT TWO RENTAL PROPERTIES

Opportunity for a canny investor to acquire a pair of rental properties. One of which can be significantly improved in order to maximise the rental return.

Zoned as Midland Strategic Regional Centre this huge block is located very close to the Midland Courthouse. It consists of two semi-detached dwellings, one has been rented for about twenty years to the same tenant, thus providing some holding income whilst you consider your development. The other dwelling was rented until recently to a tenant who has since decided to spend the rest of his retirement overseas.

These buildings demonstrate the character of the town whilst the structure plan permits taller development beyond a 10 metre setback. 1,224 SQUARE METRES OF PRIME LAND.

Buyers may wish to retain the existing building and renovate them (with significant work required at number 41) before leasing it to those for whom access to the Midland Courthouse, that is in close proximity, is highly desirable.

Buyers are encouraged to contact the City of Swan to discuss their development options. Reference may also be made to their website with special attention to the Midland Activity Centre and permitted uses. It is up to you to decide what is the highest and best use for this huge block in a prime location close to all facilities that make Midland a great place to live and work.

Access to the rear is available on the northern side of the huge block of one rood 8.4 perches or thereabouts. It is being offered for sale more than sixty years after it was last sold. Thus providing a once in a lifetime opportunity for the astute purchaser - whether renovator or developer.

To discuss this fabulous opportunity please contact Garry Wetton at Swan View Real Estate on 9274 7744 or 0417 962375.