486 Newcastle StreetWest 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 .
– 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.
– 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.