Offering fabulous elevation and capturing river views, this 908m2 of blue chip land with R60 zoning is prime for a renovation, new build or a multi dwelling development! Dual road access on Kingsway and Melvista Avenue, allowing significant design flexibility to ensure maximised investment potential.
The existing home is a very solid 2 storey brick and tile structure with an expansive interior floorplan including 2 bedrooms, 1 bathroom, an open plan kitchen/meals and dining area and an additional games room on the ground floor as well as 2 more bedrooms, the 2nd bathroom, another kitchen, 2 more living areas and a large entertaining alfresco on the upper level. A lease agreement has just finished which yielded $950 per week which will provide a very healthy cashflow option if required while you plan and design the next stage. The location adds further appeal to this rare opportunity and is within walking distance to the Nedlands foreshore, Broadway shops, cafes and restaurants, Nedlands Primary School, UWA, public transport options and only a 10 minute drive to the city!
• Elevated 908sqm prime land zoned R60
• Suits renovation, new build or multi dwelling development
• Dual road access allows huge design flexibility
• Strong rent yield potential while planning and designing
• Great location near all amenities
Council Rates: $3,129 p/a approx.
Water Rates: $1,900 p/a approx.
This property at 94 Kingsway, Nedlands is a four bedroom, two bathroom house sold by Andrew Cooper at Abode Real Estate on 18 Mar 2024.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Nedlands or see other recently sold properties in Nedlands.
Nedlands is an inner-western suburb of Perth. It has a diverse mixture of housing with low-cost dwellings provided for students of the neighbouring University of Western Australia and wealthy homes in the southern sector of the suburb. There is also a significant commercial sector along both sides of Stirling Highway.
Home to some of the finest medical facilities in the state, such as one of Perth's major public hospitals Sir Charles Gairdner Hospital, Nedlands has plenty to offer its residents. Recreation facilities are in abundance with tennis courts, sports clubs, parks, ovals, a yacht club and a golf club all available. Other major features of the suburb include the Lions Eye Institute and Hollywood Private Hospital.