**HOME OPENS**
Sat 12th Sept 9:40-10:10
Adam Naumovski presents
40a & 40b Allinson Drive, Girrawheen
Two separate homes. Immediate rental income. One enormous 1,128sqm corner and parkside development block.
Welcome to 40 Allinson Drive, Girrawheen, an incredibly rare opportunity combining immediate rental income, flexible living options and outstanding future development potential. Positioned directly opposite the beautiful and expansive Blackmore Park, this unique property offers two separate 2 bedroom homes while providing the potential to develop up to five brand new homes on the site (STCA).
40A is currently tenanted at $500 per week, providing immediate rental income from day one, while 40B is vacant and ready to go, giving you the flexibility to move straight in, lease it out for an additional income stream, renovate, or incorporate it into your future development plans.
Both properties offer 2 bedrooms, 1 bathroom, a good sized living area, separate kitchen and spacious outdoor areas, giving you plenty of options both now and into the future. Continue renting 40A while moving into or leasing 40B, land bank this substantial site, explore the potential to renovate and improve what's already here, investigate a subdivide and retain option to create brand new blocks while retaining the existing homes, or unlock the full potential of this incredible 1,128sqm corner site with a larger development of up to five new homes (STCA).
With one existing income producing property already in place and the second home vacant and ready for immediate use, you have the flexibility to take your time and plan exactly what comes next while enjoying rental income from day one.
And the location only adds to the opportunity. Directly across the road, Blackmore Park provides a beautiful green outlook and the perfect place for a morning walk, exercise or simply spending some time in nature. Hawaiian's Newpark Shopping Centre is just 1.2km away, putting shops, cafs, a gym, hairdresser and everyday conveniences right at your fingertips, while the amenity filled social and entertainment hub of Warwick Grove Shopping Centre is just 2.9km away, offering even more shopping, cafs, bars, restaurants and entertainment options.
Large corner development sites are becoming increasingly difficult to find, but one directly opposite a park, with two existing homes, immediate rental income and outstanding future potential is something truly special. Whether you're looking to invest, move in, land bank, renovate, subdivide or develop, the possibilities here are exceptional. Don't miss out!
Some fantastic features include:
Huge 1,128sqm corner and parkside block zoned R20/40
Two completely separate 2 bedroom, 1 bathroom homes
40A currently tenanted at $500 per week
Immediate rental income from day one
40B vacant and ready to move into or lease out
Potential to create an additional rental income stream from 40B
Potential for up to 5 brand new homes (STCA)
Fantastic development and subdivision potential (STCA)
Potential subdivide and retain opportunity (STCA)
Ideal land banking opportunity with immediate rental income
Both homes feature good sized living areas and separate kitchens
Spacious outdoor areas to both properties
Large corner position offering excellent development flexibility
Directly opposite the beautiful Blackmore Park
Just 1.2km to Hawaiian's Newpark Shopping Centre
Just 2.9km to Warwick Grove Shopping Centre
Close to shops, cafs, restaurants, bars, gyms and entertainment
A rare combination of location, land size, income, flexibility and future potential
DON'T MISS OUT CALL ADAM NAUMOVSKI ON 0424 364 326
ADAM NAUMOVSKI | FOR ALL YOUR REAL ESTATE NEEDS
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
