906 Wanneroo Road, Wanneroo WA 6065

DEVELOPMENT POTENTIAL FOR THE DISCERNING INVESTOR

If you are looking to subdivide as soon as possible or take a more “hold now” and subdivide at a later stage, then look no further than this fantastic opportunity to secure this 754sqm approx. block which is zoned R20/R40.

THE PROPERTY:

Block size: 754sqm approx.

Dimensions: 20.5m (frontage) x 36m

Topography: Sloped

Site Orientation: West Facing

Improvements: 3 x 1 x 1 home approximately 102sqm in size. Features: Entrance hall, master bedroom with BIR and split system, 2 good sized bedrooms, family bathroom, family room, kitchen/meals, study/theatre, laundry, shed/carport, outdoor alfresco, airconditioned, fans, roller shutters.

Lease: Expires 16/9/22 / Current lease amount: $340 per week / Potential lease: approx. $414 per week as per Corelogic.

Location: Ideal location near Wanneroo Central Shopping Centre, Medical centre, sports club, parks, schools, and transportation.

Neighborhood Character: Many already approved nearby subdivisions playing host to medical centre and business offices have set precedents for subdivision in this area.

THE OPPORTUNITY:

Subdivision Potential Possibilities:

Option 1: Keep as is and earn a potential yield of approximately 5%.

Option 2: Subdivide – Battle axe – Lot 1: 16.5m x 18m / Lot 2: 16.5m x 18m with a 4m wide access driveway.

Option 3: Duplex – 2 lots with a 10.25m frontage x 36m.

Option 4: Triplex – Lot 1: 16.5m x 12m / Lot 2: 16.5m x 12m / Lot 3: 20.5m x 12m / Shared access driveway: 4m x 24m.

* Note - the buyer/s shouldn't rely solely on the potential returns advised by the selling agents and should conduct their own due diligence to make an informed decision.

ALL BLOCK SIZES ARE APPROXIMATES; buyers should conduct their own due diligence in terms of actual sizes and any potential for subdivision and not rely solely on the information provided herein by the selling agent.