UNDER OFFER !
A Rare Opportunity Indeed!
Sensational Prime Near River Location
A Truly Outstanding Opportunity for the Astute Buyer
One Street from the South Perth Foreshore
Have you been searching for a very generous sized lot of land in a prestigious location within a short stroll of the river's edge - one that you can feel confident investing your money in due to it being situated in one of the premiere suburbs within the Perth Metropolitan Area?
Have you also been looking for a unique opportunity to secure a property that not only offers heaps of potential to add capital value by way of redevelopment or refurbishment of existing buildings in the future but also includes a massive bonus of 4 individual spacious apartments that are all currently tenanted?
Intriguing, Interesting and Outstanding
The property features:
• A majestic and solid 2-level brick and tile residence constructed circa 1960
• 809 sqm of prime land Zoned R15/40
• Approximately a 21.67m frontage
• 4 spacious 2brm plus study apartments
• Each apartment approx. 80 sqm in floor area - roomy indeed
• 3 garages and 1 carport
• Spacious outdoor areas ready to develop/improve - add facilities to increase rental return perhaps
This property will suit:
• Self-managed Super Fund owners with an eye for unique opportunities to mould and control the future of their retirement nest-egg themselves
• Tradesman or Builders who can visualise the enormous potential of renovating/modifying the building into something extra special
• FIFO workers or a group of friends looking to pool funds and secure a property in this prestigious suburb
• Investors
• Developers
• Anyone looking for an 800+ sqm lot in an outstanding location close to the river and city
Literally options galore for the astute buyer including but not limited to:
• Completely refurbish each apartment to maximise rental income in the future
• Redevelop the site entirely - R40 zoning will allow up to 4 townhouses *stca
• Convert the existing apartments into either 1 main dwelling or perhaps 2 levels for 2 large apartments - opportunity for a tradie/builder etc to modify in an affordable manner
• Maintain within your Super Fund - collect the rent whilst feeling secure in knowing this prime location isn't going anywhere other than a "stones throw from the foreshore & river"!
A short bike ride to:
• Perth City
• Kings Park (perhaps a little bit longer but worth the effort)
• 6 Star Crown Casino
• Optus Stadium (Perth Stadium)
• Perth Zoo
• South Perth Esplanade & Mends St Cafes/Restaurants & Windsor Hotel
Walking/Strolling Distance to:
• A plethora of bbq spots, open leisure areas and the rivers edge
• Coode St "Surf Cats"
• The Boatshed Restaurant
• McCallum Park.... to name a few
• Public transport facilities and main arterial roads
This is without doubt one of those rare opportunities that comes around whereby if you don't make the effort to consider the boundless potential offered with this fantastic site and buy it today you will quite likely regret it later - seize the moment and secure your own piece of prime near river South Perth real estate today.
Contact Michael Edwards (REIWA Grandmaster Salesperson) today on 0412 470 468 to register your interest and/or make your offer on this superb property.
Property features
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Garages
3
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Carports
1
Property snapshot by reiwa.com
This South Perth property is a eight bedroom, four bathroom house sold by Michael Edwards at EMG X on 27 Mar 2022.
Looking to buy a similar property in the area? View other eight bedroom properties for sale in South Perth or see other recently sold properties in South Perth.
South Perth overview
Envied for its beautiful riverside positioning, South Perth's affluent lifestyle provides breathtaking views from numerous vantage points within its five square kilometre land area. The established suburb has a commercial area within its boundaries, as well as significant parkland sections along the foreshore.
Life in South Perth
South Perth is rife with places to visit as well as restaurants, reserves and gardens, with perhaps its most notable feature being the Perth Zoo. Among its numerous dining establishments, Coco's on the foreshore is the most exclusive and takes full advantage of the gorgeous surrounding river views. The Windsor Hotel, Bar & Restaurant is a popular fixture of the suburb as is the Royal Perth Golf Club.
South Perth quick stats
High end
$2.2m
Median
$1.8m
Low end
$1.4m
0.0 %
Annual growth
$1.8m
Annual median sales price
$895pw
Annual median rental price
