1 Registered Buyer - Current BID $630k
Seize this exceptional chance to acquire a substantial 718m? property nestled in the heart of Girrawheen.
Boasting an R20/60 zoning, this lot offers significant sub-divisional potential, subject to approval from the Western Australian Planning Commission (WAPC).
Whether you're an astute developer or an investor seeking to capitalise on the area's growth, the possibilities here are abundant.
718sqm Block | 3x1 House | Multiple Development Options
If you secure this property, you have several strategic options to maximise its value:
1. RENT AND HOLD FOR FUTURE SUB-DIVISION
? Rent out the existing 3-bedroom, 1-bathroom home while you plan future development.
? Generate income while securing approvals and subdivision plans.
2. RETAIN AND SUB-DIVIDE
? Keep the existing house and subdivide the rear portion.
? Retained House on 390sqm
? Lot 2 - 230sqm
? Common Property 98sqm
? Either sell the new block for profit or build a second dwelling for additional rental income.
FULL REDEVELOPMENT - 3-LOT SUBDIVISION
? Demolish the existing house and create three new lots:
? Lot 1 - 230sqm
? Lot 2 - 190sqm
? Lot 3 - 200qm
? Common Property - 98sqm
MAXIMISE DENSITY - 4 LOT SUBDIVISION
? Demolish and subdivide into four smaller lots to optimise land use:
? Lot 1 - 150sqm
? Lot 2 - 150sqm
? Lot 3 - 155sqm
? Lot 4 - 155sqm
? Common Property - 108sqm
APPROXIMATE DISTANCES TO:
EDUCATION HUBS :
100m - Hudson Park Primary School
700m - Our Lady of Mercy Primary School
800m - Girrawheen Senior High School
PARKS AND RECREATION:
200m - Hudson Park - A short stroll offering expansive green spaces and recreational facilities
700M - Blackmore Park an enchanting establishment nestled in the heart of girrawheen
SHOPPING DESTINATIONS
600m - Summerfield Shopping Centre catering to daily shopping needs
1km - Hawaiian's Newpark Shopping Centre providing a variety of retail and dining options
TRANSPORT DESTINATIONS
TRAIN STATIONS
4km - Warwick Train Station
6.5km - Greenwood Train Station
BUS STOPS
400m Blackmore Ave After Kelly Rd ( BUS Route 448 )
900m Templeton Cres After Balgonie Ave ( BUS Routes 374 & 386 )
These bus stops provide access to various routes connecting to destinations such as Warwick Station, Kingsway City Shopping Centre, Mirrabooka Bus Station, and Perth Bus port.
ADDITIONAL INFO:
Council: Wanneroo
Council Rates : $1,750.00 P/A
Water Rates : $916.13 P/A
Rental Appraisal $540 - $580 P/W
For Sale by Openn Negotiation - a flexible, transparent online auction.
The Openn Negotiation has begun, and the property can sell at any time.
Open to Subject to Finance Buyers.
Contact Scott immediately to avoid missing out on this fantastic opportunity!