Description

Golfers understand the value of good position. This address delivers exactly that.

A RARE LANDHOLDING WITH MULTIPLE FUTURE POSSIBILITIES

Some properties are all about the location. Others are all about the potential. This is one of those properties where the location, landholding and future possibilities take centre stage.

Set on 805sqm of R20/40 zoned land, this unique property comprises two separate self-contained units on a single title, providing an immediate holding income while you consider your next move.

Whether you're looking to landbank, explore subdivision potential, or secure a substantial parcel of land in a location that's well above par, this property offers genuine flexibility.

The property offers a range of exciting possibilities, whether your vision is to:

1. Build your dream home on the full 807sqm site;
2. Create two lots and build on one while retaining or selling the other; or
3. Potentially develop three dwellings under the R40 zoning, subject to approval by the WAPC and all other relevant authorities.

The choice is yours!

WHY YOU'LL LOVE THIS OPPORTUNITY…

• 807sqm R20/40 zoned land
• Two separate self-contained units on one title
• Immediate holding income from two existing tenancies
• Positioned just steps from the Western Australian Golf Club
• Surrounded by quality homes in a tightly held pocket
• Minutes from the Perth CBD
• Outstanding landbank, redevelopment and investment potential (subject to approval)
• Zoned for Yokine Primary

This is, first and foremost, a land acquisition, with the added advantage of an immediate income stream while plans for the site take shape.

Positioned just steps from the Western Australian Golf Club, surrounded by birds and trees and only minutes from the CBD, this is a property that invites you to look beyond what is here today and imagine what could be here tomorrow.

The property is being offered for sale on an 'as is' basis. All offers will be presented to the seller as they are received, and the seller reserves the right to accept an offer at any time without notice.

Whether you're chasing birdies, building assets or building your dream home, this address is well worth a closer look.

Lease details:

148A is paying $550 per week and is on a periodic lease
148B is paying $500 per week and fixed term lease expires on 24th October 2026