Rare four strata-titled apartment block on 1,097 square metres. The ability to own four separate titles and the entire complex is very rare. A stone’s throw from the complete action of Perth’s fast immerging café, restaurant, and entertainment strip Albany Highway, and yet so very close to the City, river, casino and airport. This location will show immense growth and rental return.
Originally built 35 years ago, this complex of 4 x three-bedroom, one-bathroom, one-garage villas offers a strong opportunity for investors, Airbnb operators, and generational families seeking to live together, along with a solid investment vehicle with four separate titles.
Features:
- 4 titles, 71m2 – 74m2 approx. each
- 1097m2 of land 20m x 54m
- Solid brick and tile construction
- Simple to create, full security and upgrade the complex
Capable of generating over $150,000 per year, this return could be further enhanced with renovations, furniture, and short-term rentals. The building is a tad tired and could benefit from a facelift, but the bones are extremely sound.
If you are looking for a serious money-making opportunity, this is it.
Call Will Baston 0491 095 850 or Mark Hay 0418 953 742
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