49 and 49A Halley Street, Innaloo WA 6018

911sqm Potential Quad Site!! 2 houses Current rental return $700pw.

Potential Quad Site in Innaloo.

Superbly located in one of Innaloo’s most sought after streets, this massive development property will appeal to many buyers with 911sqm of land!

Only a short drive away to Scarborough Beach and within close proximity to newly completed Karrinyup Shopping Centre, Lake Gwelup Reserve, Westfield Innaloo, schools and Karrinyup freeway entry and exit. The demand to move into this appealing suburb will surely increase!

In a R40 zoned with street frontage of 20.1m and 45.3m depth, this property shows potential opportunities to develop up to four homes.
OPTION 1 - Subdivide into 4 lots. Sell individual lots as house and land packages.
OPTION 2 - Develop into 4 single or double storey 4 bed 2 bath double garage homes. Sell end product to high demand market.
OPTION 3 - Keep the current tenants in the property and collect the rent to help service the loan. Enjoy the good capital growth whilst servicing the debt.
OPTION 4 - Move into one house whilst renting out next door. Use the rent collected next door to service the loan!