De Freitas Ryan Residential are pleased to present to the market another great property suiting investors, downsizers, families and even first home buyers.
Situated on an 835m2 corner block with subdivision potential for up to 4 lots (STCA - Subject to Council Approval) is this three bedroom, one bathroom property currently leased to great tenants at $350 per week until 21st September 2023 with the option of being renewed.
Surrounded by modern developments in this up and coming pocket of Armadale, this brick and tile constructed property was built with a solid foundation and has been maintained over its years. With several options available for re-development this property is ideal for a first time investor that is looking to get stuck into their first project.
Development Options:
Option 1: Retain the well maintained existing home and subdivide one lot. (STCA)
Option 2: Knock the property down and subdivide into 2 or 3 good sized lots. (STCA)
Option 3: Knock the property down and subdivide into 4 smaller lots. (STCA)
*Please note subdividing into 4 smaller lots may be subject to a 'plate height' condition - please make your own enquiries regarding this*
Optional contact: (MNG Surveying - (08) 6436 1599)
This property is also located within 1km of the train station and local shopping centre.
Property Features:
835m2 Corner Block
Three Bedrooms
One Bathroom
Open Plan Living
Gas Cooktop
Gas Hot Water System
Undercover Patio Area
Large Shed
Undercover Carport
Current Market Rental Value: ($450 Per Week Approx)
For more information on this property or to schedule an inspection please contact Navid Heshmati on 0452 520 840.
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