Adam Naumovski presents
40a & 40b Allinson Drive, Girrawheen
Two separate homes. Two separate income streams. One enormous 1,127sqm corner and parkside development block. Welcome to 40 Allinson Drive, Girrawheen, an incredibly rare opportunity combining immediate rental income with outstanding future development potential. Positioned directly opposite the beautiful and expansive Blackmore Park, this unique property offers two separately tenanted 2 bedroom homes while providing the potential to develop up to five brand new homes on the site (STCA). With 40A currently returning $500 per week and 40B returning $450 per week, that's an impressive $950 per week in combined rental income while you decide exactly what comes next.
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 both homes and 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 1,127sqm corner site with a larger development of up to five new homes (STCA). With two existing income producing properties already in place, you have the flexibility to take your time and plan the future development while enjoying immediate returns 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 and two immediate income streams is something truly special. Whether you're looking to invest, land bank, renovate, subdivide or develop, the possibilities here are exceptional, don't miss out!
Some fantastic features include:
Huge 1,127sqm (approx) corner and Parkside block zones r20/40
Two completely separate 2 bedroom, 1 bathroom homes
Two separate rental income streams
Combined current rental income of $950 per week
40A currently tenanted at $500 per week
40B currently tenanted at $450 per week
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 and future potential
SOLD ON AN AS IS BASIS - OPEN BY APPOINTMENT
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.
