INVESTOR’S DELIGHT!

OPEN THIS SAT 10th APRIL 11.30-12 NOON. Older Weatherboard/Fibro home on big 860 sqm corner block zoned R20 with duplex or subdivision potential.

This 1930's older style home has central hallway lounge, kitchen / meals, 2 bedrooms and a sleep out. All fairly standard for the age of the home.

You could either keep the old weatherboard home and renovate it, whilst applying to subdivide off a rear block with its own street frontage to Queen Street (Subject to WAPC approval of course), OR bowl it over and apply for 2 individual street front lots, one facing Eudoria Street and one facing Queen Street (once again subject to WAPC approval).

Tenanted already at $300 per week, it allows you to just rent it out until you are ready.

Do the math. Even borrowing 80 or 90 % its POSIVELY GEARED !