Sold
5/27 South Terrace, Como WA 6152
Sold price: $462,500
Sold: 17 Apr 2023
Sold
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3 Bedrooms
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2 Bathrooms
House
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A coveted 2190sqm development site
An opportunity to purchase one of the most unique and blue chip residential development sites in the heart of Como and only metres from the South Perth border.
The corner site, comprising of eight individually strata titled (single owner) two storey townhouses nestled on 2190sqm of prime and elevated land all capturing river or golf course vistas. All units are currently rented on short term leases for no longer than six months, with ample scope to increase the rental return and yield. Two of the early 1980's solid built townhouses each comprise three bedrooms and two bathrooms, five townhouses comprise three bedrooms and one bathroom with two toilets and one townhouse comprises two bedrooms and one bathroom. All eight townhouses have undercover parking. The units are in good condition, lease easily and have scope to renovate and add value.
With a current residential density zoning of R30/50 this site is incredibly versatile and with it comes many future development options to consider and explore. One option (subject to relevant approvals) is the proposed subdivision shown in the photographs.
Secure your next project with a site earing a modest income (approximately $178,000 per annum) while you decide on your next move. Enjoy strong capital growth based on the strategic location being within easy access to popular amenities at Preston Street and Mends Street while surrounded by transport routes and easy access to freeway North and South of the river.
To be all sold together offering the next developer full control to either renovate, re develop or landbank long term.
A once in a lifetime development opportunity in the City of South Perth.
Unit configurations -
- Unit 1: 3x2x2
- Unit 2: 3x1x2
- Unit 3: 3x1x2
- Unit 4: 3x1x2
- Unit 5: 3x2x2
- Unit 6: 3x1x2
- Unit 7: 3x1x2
- Unit 8: 2x1x2
Rates - Year Ended 30 June 2022
• City of South Perth $13,690
• Water Corp. Service Charges $8,253
• State Revenue Land Tax $14,482
Property snapshot by reiwa.com
This property at 5/27 South Terrace, Como is a three bedroom, two bathroom house sold by Peter Zambotti at Mont Property on 17 Apr 2023.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Como or see other recently sold properties in Como.
Nearby schools
Como overview
Como is an established suburb bound to the west by the Canning and Swan Rivers. Part of the City of South Perth's municipality, Como experienced its most significant development during the 1950s and 1960s, with gradual growth since the early 1990s as new dwellings were added to the area.
Life in Como
Parks and reserves are a dominant aspect of the Como landscape, such as one of Como's most notable features the international standard 27 hole Collier Park Golf Course. The Como Hotel is a popular bar, café and restaurant in the suburb and a recognisable fixture of Canning Highway. There are also some shops in the area to service local requirements, as well as four local schools, including Penrhos College.
Como quick stats
High end
$1.6m
Median
$1.2m
Low end
$948k
8.8 %
Annual growth
$1.2m
Annual median sales price
$775pw
Annual median rental price
