This is a rare opportunity not to be missed, located in the sought after suburb of Hilton this property is ripe for the astute buyer to redevelop, secure as an investment or live in.
They simply don't make land like this anymore, the property is Zoned R20/25 on a large green title 1014 sqm corner block with a circa 1960's brick and tile house that has three bedrooms and one bathroom.
Potential Benefits of this property;
Potential Opportunity to Redevelop (Subject to Council / WAPC Approval) â?? using the R20 zoning, the site has the potential to be developed as a 2 lot survey-strata subdivision.
Option 1 could be to retain the house and apply to subdivide and create one new rear lot. Other possible development options may include a subdivision to create two new side by side street front lots or using the higher zoning of R25, the property may have the potential to be developed as a triplex, both of these options would be subject to gaining relevant approvals to demolish the house and a variation to the minimum lot size approved by the WAPC for the triplex option.
Potential Opportunity to Invest â?? secure the land now and lease out the house while you plan the best way to redevelop in the future (current potential rental return of approximately $250 - $280 per week).
Potential Opportunity to Renovate â?? secure the property to extend and improve the existing house and create new value to the family home on a huge landholding in such a popular suburb. Ideally located within easy access to public transport, local shops and local schools and within walking distance to popular local parks and only a short drive to Fremantle.
Please note that it's advisable that all potential development queries should be directed to the WAPC and City of Fremantle.