6% Rent yield & dual tenancy- corner R100 Zoned Build / Potential min 100 sqm blocks with multiple floors - subdivide for Comm & Resi mix use

Phone Enquiry ID: 225041 This property is a dream for investors and developers, do not miss out! A large 761sqm corner block with a great 4 bedroom, 2-bathroom house and side access. With brand new carpets and painting this one is ready for your tenant or you to move in immediately. The current rent is $800 per week on an expected sale price of $700,000. Zoned Mixed Use R 100 Residential density code there is potential for a combination of Commercial units on the ground floor and residential units above. Positioned on the major traffic route and a main bus route between the Train Station and the Foreshore, this site is one of the sought-after properties in the redevelopment of Peel Street. The home is spacious, well looked after and ready to go. There is a front formal lounge area or theatre area with brand new carpets. The master bedroom is also at the front of the house which includes an ensuite and Walk-in-robe. Walk through the passage into open plan dining, living and kitchen. This area has great character with the exposed brick and and plenty of space. Walk through the hallway to the second and third bedroom, second bathroom and laundry. This house has all the necessities for comfortable living and great rental return. The home also has a great back yard, shed and carport. Previous financial year for the Water Corp was $1335.96 and the Council rates are $1920.00. More Off Market opportunities coming up:More Off Market opportunities coming up: Dual income potential block of 3 bed 1 bath on 600 sqm land in Girrawheen at $600K, Thornlie $700K, & Maddington at $650K