45 Hooley Road, Midland WA 6056

UNDER OFFER

The Dream Development - it doesn't get much better than this!

Whether you're a seasoned or a novice first time developer you cannot pass up on this utopian development opportunity. Situated beautifully on this 1052m2 block Zoned R40/R80 is already an existing modern four bedroom two bathroom home positioned perfectly to take full advantage of a triplex site and retain the existing home.
The existing home's modern appeal makes retaining it the ideal option and matching the future rear villas in line with its current style is such a smart and cost effective way to maximizing its full potential.

The other great bonus here is you can rent the home whilst planning to subdivide or just land bank this prime development and receive a generous return whilst waiting till the time is right to fully take advantage of its higher density code of R40 /R80 and build a group of two storey apartments.

No matter which way you look at this development short or long term its one not to miss out on.

Contact Ben Ciocca or David Farrant to find out more and suitable inspection times.

Property Features:

1052m2 Block Zoned R40/80
Existing modern home positioned to take advantage of potential triplex block (retain home)
Past proposed 3 Lot survey strata plan concept drawing available (see photos)
Potential for Grouped dwelling ie apartments if existing home removed
Currently rented at $400 per week (Expires 6th Feb 2022) Tenants are open to continuing the lease
Gated side access already exists
The Existing Home:
Four bedrooms all with built-in robes
Two bathrooms (main and en-suite)
Living zones - Lounge, Kitchen/dining and family room
Split system reverse cycle air-conditioning
Gas storage hot water system
Courtyard adjoining family room
Automatic single garage and perimeter fencing