Proudly presented by Edward LimWelcome to 11 McMaster Street, Victoria Park, a treasure trove of opportunity just waiting for you! This prime 768m2 block of real estate, zoned R60 and perfectly rectangular, is a developer's dream right on the city's doorstep. They simply don't make land like this anymore!Step back in time with the charming 1915 red brick and tile home, sold "as is" but brimming with potential. Featuring lofty ceilings, ornate cornices, and a welcoming front verandah, this property is just begging for your creative touch.The block, with its approximate width of 15.23m and depth of 50.45m, is ideal for various development options. The existing 2-bedroom home with a sleepout sits to one side, allowing for a retain and build subdivision. Even better, there's already a DA approval in place for three brand new townhouses and comes with potential to accommodate up to five dwellings (subject to council approval). Whether you're planning a stunning renovation, leasing out while you plan, or diving into a major development project, the possibilities here are endless.Located in one of the best pockets of Victoria Park, this property offers the perfect blend of tranquillity and convenience. Nestled in a leafy, established street, you're just moments away from a variety of local amenities. Enjoy renowned eateries on Perth's most vibrant strip, lush parklands, Curtin University, shops, and public transport. Plus, you're in the catchment area for the prestigious Victoria Park Primary School. Living here is incredibly convenient!Let's talk about the Potential...• Land banking, rent out to earn income• Renovate for own stay • Demolish and build your dream family home• Subdivide and sell the blocks (STCA)• Retain and build • DA approval to build 3 brand new townhouses with city views• Demolish and build up to 5 new homes (STCA)• The possibilities are endless, the choice is yours!Outgoings:• Council Rates: $2,088.52 (FY 2023 - 2024)• Water Rates: $984.18 (FY 2022 - 2023)Presently rented to reliable tenants at $600/week until 8/8/2024, this prime piece of real estate with enormous potential and won't last long. Act fast to secure it and start planning your dream development.For more information or to view this property, please contact listing agent Edward Lim at 0408 929 655. Don't miss out on this rare opportunity!•• We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.••
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