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Simar, your Local Morley Property Matchmaker, is thrilled to present another outstanding opportunity to the market. <br/><br/>This property offers a range of possibilities, and your decision may be influenced by your specific goals and preferences. Here's a comprehensive overview:<br/><br/>Property Highlights:<br/><br/>Located in one of the premium pockets of Morley, this 769m2 development site is zoned R40/60.<br/><br/>Two separate homes on one block, each with its own driveway and entry. The existing home and separate granny flat provide current rental income of $800 per week. This could be a great investment with a bit of elbow grease and some new finishes.<br/><br/>A rare opportunity in Morley located opposite Pat O'Hara Reserve within walking distance to Morley Galleria and Coventry Markets showcasing significant development potential.<br/><br/><br/>With options galore, consider the following:<br/><br/>Develop:<br/><br/>With the property's generous size and favourable zoning, there's potential for development. Demolishing the existing structures could lead to the creation of a triplex site with R40/60 zoning. Additionally, with WAPC approval, a quad site is possible, potentially accommodating up to 7 apartments (subject to relevant approvals).<br/><br/>Renovate:<br/><br/>If your goal is to keep and land bank, the existing home and separate granny flat provide rental income of $800 per week. Renovating these structures could enhance their appeal and potentially increase rental income. This option is suitable for those looking for a profitable long-term investment.<br/><br/>Detonate:<br/><br/>For a completely fresh start, the option to demolish and rebuild is available. This allows for the construction of a new development tailored to your vision and preferences.<br/><br/>Additional Property Features:<br/><br/>Located within proximity to many establishments and amenities including, but not limited to <br/><br/>Shopping centres: <br/><br/>- Coventry Village Shopping Centre (650mtr)<br/> - Galleria Shopping Centre (700mtr)<br/> - Crimea Shopping Centre (1 km)<br/><br/> Schools: <br/><br/>- Morley Primary School (550mtr) <br/>- Infant Jesus School (1.3km) <br/>- Weld Square Primary School (1.5 km) <br/>- Embleton Primary School (1.8km) <br/>- John Forrest Secondary College (2 km) <br/>- Hillcrest Primary School (2.4 km)<br/> - Chisholm Catholic College (2.5 km) <br/>- Noranda Primary School (2.6km) <br/><br/>Other desirable location benefits:<br/> <br/>- Easy walk to nearby coffee shops and restaurants <br/>- Open recreational areas/ parklands <br/>- Walking distance to Bayswater Waves which is a great recreation centre <br/>- Near to the New Metro Link stations at Morley and Bayswater <br/>- Approx 8.7 kms away from the CBD and Approx 12 kms away Perth Domestic Airport <br/>- Easy access to Tonkin Highway. <br/><br/>Call Simar on 📲 0433767296 or Email [email protected] to schedule a viewing. <br/><br/>Disclaimer: The particulars and photographs shown on this website are supplied for information only and shall not be taken as a representation in any respect on the vendor or the agent. The information, opinions, and publications available on this website are broad guides for general information only. They are solely intended to provide a general understanding of the subject matter and to help you assess whether you need more detailed information. The material on this website is not and should not be regarded as legal, financial, or real estate advice. Users should seek their own legal, financial, or real estate advice where appropriate. Every effort is made to ensure that the material is accurate and up to date. However, we do not guarantee or warrant the accuracy, completeness, or currency of the information provided. You should make your own inquiries and obtain independent professional advice tailored to your specific circumstances before making any legal, financial, or real estate decisions. <br/><br/><br/>
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