Home Open cancelled. Property is under contract now! Discover the perfect investment at 8 Cambell St, Armadale! This property offers an exceptional opportunity with its generous 941 sqm corner block, can apply the higher zoning of R30 under Local Planning Scheme No. 4, allowing for a potential 3-lot subdivision. The most attractive feature? You can retain the existing house while subdividing a block with its own frontage (subject to WAPC approval; buyers are encouraged to conduct their own due diligence). Property Features: - Solid double brick 4 Bedrooms, 1 Bathroom, plus a second WC (Toilet) house:** This home features four spacious bedrooms, a well-laid-out kitchen, and two living areas, providing plenty of space for comfortable living. - Large Entertainment habitable area: The property includes a massive 41 sqm of added habitable area-fully council approved. currently utilized as a rumpus/theatre room, offering versatility and the potential to convert it into a granny flat. - Investment Potential: With existing tenants in place on a 12-month lease, paying $590 per week until June 15th, 2025, this property provides immediate rental income. Please note that the spa is currently not operational, outdoor BBQ is not operational. Location and Accessibility: Located approximately 30 kilometers southeast of Perth's central business district, Armadale is easily accessible within a 30-minute drive via the Albany Highway, Kwinana Freeway, or Tonkin Highway. The suburb is also well-serviced by public transport, featuring frequent train services and bus routes connecting to the CBD. Investment Potential: Armadale's real estate market has experienced consistent growth in recent years, making it an attractive investment destination. The Western Australian government has plans to invest significantly in the area’s infrastructure, including upgrades to the train station and improvements to the road networks. These enhancements are expected to further boost property values. With its affordable housing options and a variety of amenities, Armadale is becoming increasingly popular among homebuyers and investors. The anticipated infrastructure developments make it a promising prospect for those looking to invest in Western Australia's property market. Disclaimer: Although diligence has been taken, this information is provided for introduction purposes only and is based on information provided by the seller, and it may be subject to change. No warranty or representation is made as to its accuracy and interested parties should inspect the property and do their own due diligence to verify the information.
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Propriedade ID: 145773880