OUTSTANDING DEVELOPMENT OPPORTUNITY

***To Be Sold via expressions of interest closing 22nd June 2023 @6pm, Price guide $1.6m – $1.8m<br/><br/>Introducing a phenomenal investment opportunity at 17 Luyer Avenue, East Cannington. This property boasts a substantial 4298 square meters of prime real estate, presenting a unique chance for investors to capitalise on the potential for growth and development in the heart of East Cannington.<br/><br/>The expansive lot allows for the possibility of subdividing into five generously sized vacant lots, while retaining the 4 bedroom home (currently leased at $650 per week) as well as having a duplex potential lot at the rear to subdivide at the bank once the road comes through, making this property an ideal choice for those looking to for a property they can land bank, subdivide and generate a residual income.<br/><br/>The land:<br/>- 4298sqm zoned R20<br/>- Development approval for 6 lot subdivision (one of the lots with a quality 4 bedroom home)<br/>- Further subdivision potential of 2 more street front lots at the rear<br/><br/>The home<br/><br/>- Boutique built home circa 2011<br/>- 4 Generously sized bedroom, master bedroom is complete with a modern ensuite and walk in robe<br/>- Spacious theatre room with recessed ceilings<br/>- Massive Kitchen, Living & Dining overlooking the alfresco area<br/>- Alfresco area under the main roof<br/>- Ducted Reverse cycle air conditioning<br/>- Tiled in the living areas<br/>- Quality fixtures and fittings throughout<br/>- 31 Course ceilings in the Living areas<br/>- Low maintenance gardens complete with Astro turf, easy care plants and stone finished front yard<br/>- Double garage with extra storage space<br/><br/>Centrally located being 3.3kms from Perth's largest shopping center Westfield carousel, 2.5km from Cannington train station & approx. 650m from the new football stadium in Queens Park. <br/><br/>You are also in easy access to most of Perth having major arterial roads nearby including Leach Highway, Orrong Road and Roe Highway.<br/><br/>If you are looking to land bank or subdivide in an established suburb with a growing demand and new infrastructure at your doorstep this one should be at the top of your list!<br/><br/>Opportunities of this size rarely come up within such a close proximity to the city with such good development approval, Contact Charlie for more information on 0423 838 277<br/><br/>Disclaimer: <br/>This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.