This is a very rare opportunity to capitalize on another investors hard work after they have decided to go into retirement and pass on the project. It is a two unit strata subdivision with development approval and plans ready to go (see plans with City of Belmont approval stamp dated July 2014). The property also has an excellent tenant who is happy to stay at the property for as long as required for the new owner. The tenant is currently paying $380 per week and keeps the house in good condition. This is ideal for an investor who would like a solid income until the demolition phase of the project.
The area of Kewdale where Surrey Road is situated is along the Orrong Road high density zoned corridor that has been allowed because of it's proximity to all amenities. It is only approx. 8km to the city along Orrong Road and the Graham Farmer Freeway. Orrong Road connects directly to the gateway project which is currently under construction which once completed will alleviate all traffic lights to the airport! Public transport is also very close by as well as the Belmont Forum shopping center, Bunnings and all of the major shops. Victoria Park is at your doorstep with all of its restaurants and cafs and on top of this, the property is only approx. 5km to recently improved crown casino district and the currently under construction Perth Stadium.
There are no secrets here and it may seem almost too good to be true but I can assure you that this is all legitimate. For your high resolution copy of the City of Belmont Development Approval and the survey strata plans please email me at tim.verbunt@raywhite.com. From the current owners perspective this has been a very carefully planned out process which has taken nearly 2 years to get to this point and most of the hard work has already been done for you so they are a bit sad to see it go.
Please contact Tim Verbunt for further information.
