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66 Frederick Street Shoalwater WA 6169

  • Development / Land
  • 2,023 m²
  • For Sale, Contact Agent

Low Risk Investment Opportunity with Future Redevelopment Potential

    Offers are invited to purchase this residential complex in popular Shoalwater.

    - Fully leased group of 8 well maintained residential units.

    - Close to amenities including; Shoalwater Shopping Centre and safe beaches.

    - Land area 2,023 sqm with R40 zoning, permitting a 2 level building to increase unit density in the future.

    - Estimated Gross income approximately $102,960 with net income of $65,399.

    - Each two bedroom unit has an approximate living area of 68 sqm. Units are not strata titled.

    - Fantastic future development opportunity from excess plot ratio on current development.

    - Excellent tenancy history providing solid income return with limited downside risk from 8 tenancies.

    - Rare opportunity to acquire a leased investment with upside in growth location.

    We invite all reasonable offers - Inspection strictly by appointment.

    Property Highlights

    Floor AreaAsk Agent
    Land Area2,023 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017867441
    Category
    Last updated  14 Jun 2022
    Map for 66 Frederick Street Shoalwater WA 6169

    Property Highlights

    Floor AreaAsk Agent
    Land Area2,023 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017867441
    Category
    Last updated  14 Jun 2022
    Level 10 Exchange Tower 2 The Esplanade Perth WA 6000
    Tony Delich
    Tony Delich
    Knight Frank - Perth

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