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422Sold

486 Newcastle Street

West Perth CONTACT AGENT

Diverse and Rare development opportunity awaits . Perfectly postioned on the high side of Newcastle street sits this R160 site previously zoned R80. The perfect viewing platform to capture the city skyline and its surrounds up close .

Features Include

– DA APPROVALS for 7 warehouse style townhouses pictured here within.

– Recently rezoned from R80 to R160 increasing density to allow for over 50 apartments plus 4 large commercial premises subject to WAPC approvals.

-1237 sqm

– ROW at rear of site .

-Sweeping city views .

-Minutes to Perth CBD.

-Beautifully renovated federation style home .
Complete with 4 bedrooms -2 bathrooms- Huge open plan living/dining area.Seperate dining-Fully fenced secure block .

-Rental yield potential of 40,000k per annum .

Be quick not to miss this rare investment opportunity receive $40k per year potential income whilst you submit and await DA approvals or build 7 warehouse style townhouses ready to go the choice is yours.

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