Cannington

(EOI BY 6/7 - UNLESS SOLD PRIOR) Extremely rare high density R60 corner development site situated opposite Westfield Carousel delivering a high rent return of $78,000pa from three separate dwellings. Set within the Riverside Residential Precinct the development opportunities are endless with residential group dwellings and multiple dwellings allowed plus extra commercial options available all (STCA). Perfect for the professional developer, astute landbank investor, extended family or SMSF looking for a high growth opportunity in this booming major shopping centre location. KEY FEATURES INCLUDE HOMES - Three separate dwelling situated on one massive green title block. - Returning $500pw each to long term tenants totalling $78,000pa. - Charming red brick 3bed character home plus a 2bed duplex pair. BLOCK - Massive 1560sqm corner block with a wide 79.74mt street frontage. - Located in the Riverside Residential Precinct zoned, R-ACO (R60). - Nice level site with multi sewer points and a south-east orientation. POTENTIAL - Develop into a group dwelling subdivision of up to 10 individual lots. - Develop into a big multiple dwelling 3-5 storey apartment complex. - Ground floor options include office, medical centre, liquor store, - shop, small bar, restaurant, consulting rooms, and family day care. - Develop residential apartments 1 bed, 2bed & 3bed up to 5 levels. - Development potential is subject to council and state body approval. This prime hot spot located less than 10/20 minutes away from Vic Park Strip, Perth Airport, Crown Casino, Perth Stadium, Perth CBD offers easy access to major transport arteries. With the latest federal budget supporting new home investor sales for negative gearing the time is right to make your development move. Our in-house planning, design and construction team is available right now to bring your new development to life while you sit back and enjoy this a high return opportunity. To express your interest in this outstanding opportunity, contact exclusive agent DEVON KELLY SMS 0417 936 277 to receive your offer pack. Disclaimer: We have in preparing this document, used our best endeavors to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this material. License: RA86377