This is your chance to secure this property in a sought-after suburb, Tuart Hill, located on Wanneroo Road is this rare find R40 zoned property with a possibility of Developing 4/5 Block units or explore more possibilities for development. (STCA)Currently it has 2 residential houses on the property bringing in a total rental of $50,700 per annum with a current periodic lease ending July 2023 (Tenants are happy to continue with the current arrangement)House 1 (Front House) Current Rent $375pw Bedrooms – 3Bathroom – 1 Garage - 1House 2 (Rear House)Current Rent $600pwBedrooms – 4Bathroom – 1 Garage - 2With a total area of 1179 square metres, it is ideally suited for a small lot development, a unit development or a multiple dwelling development with a height limit of 2 storeys possibility. (STCA) It is a short distance from child care, park/reserve, school, medical facilities and the lovely food precinct. These sites are rarely offered for sale and represent an excellent opportunity to build a unique development within the Tuart Hill area.Other Property Features:- Ample parking for cars as well room for a boat and trailer- Land size: 1179sqm- 21.2sqm frontage- Zoning: R40There is a multitude of exciting and financially rewarding opportunities for this property for the astute buyer. Maybe this could be home for your whole extended family, or perhaps you could sit back and enjoy a decent rental yield from both homes whilst planning a redevelopment of the site.For further information or to arrange an exclusive viewing, please contact: Rohan Amlani 0430708586Jeff Stephenson 0418 955 831
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