UNIT 8/4 ELDORADO STREET, Osborne Park, WA 6017

RARE opportunity - land bank and renovated apartment

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Description

To enquire, please email or call 1300 815 051 and enter code 8551

A unique opportunity for the investor or home buyer within a small complex of 9 apartments.

This huge 2023m2 lot is located on a quiet street corner with additional laneway frontage, perfectly positioned to develop the under-utilised land.

While waiting to capitalise on this unique land development opportunity, the apartment is ready to move in with all the hard work done for you.

- Private north facing living with lovely tree outlook
- Natural cross-ventilation
- Both Bedrooms are well sized to allow multiple configurations
- Main bed has new BIR with handy drawers
- Quality bamboo flooring through living and passage
- Provision for a washing machine within the apartment
- Quality acoustic carpet in bedrooms
- All internal and external doors have been replaced
- All new power point and light switches
- Large windows to all rooms
- Split system (air con & heating)

Located in a very quiet area and within established trees that provide a lovely green outlook wherever you look, you would be surprised to find a busy local centre on Main Street with all the conveniences of city living just 100m away.

The building is a very neat and tidy example of a 1970s walk-up apartment and has stood the test of time.

This is a rare chance to buy a property that has a strong proven rental history of $320 per week for the past 6 years, providing a positively geared investment property, or for the home buyer, a beautiful home with repayments cheaper than rent!

With over $20,000 spent on this apartment since it was purchased in 2014 AND the land banking opportunity, this one is worth checking out!

Strata: $500pq
Water: $876 yr
Council: $1,376 yr
Disclaimer: Any development is subject to various approvals. Please seek independent advice relating to the development potential and rent/mortgage comparison.
Note: This unit represents 1/9th ownership of the total property land area of the lot. Each unit has equal unit entitlement.

To enquire, please email or call 1300 815 051 and enter code 8551

Looking to Sell Your Own Property?

In Australia, there is no requirement to use a real estate agent to sell a property. Selling yourself is legal and does not require any specific license.

By selling yourself, you can save a significant amount of money on agency commissions.

To learn more, please visit: Property Now