265 Wright Street

Cloverdale WA 6105

**Prime Development Opportunity on 938sqm Corner Block with Subdivision Potential (STCA)**Situated on a 938sqm corner block in a highly sought-after location, this well-maintained home offers exceptional potential for developers or investors. With the ability to subdivide into three street-front blocks (subject to council approval), this property presents a nice opportunity for medium-density development in a rapidly growing area on the doorstep of the Belmont Forum. The current home, while well-presented, also offers great potential for renovation or holding as an income-producing property while plans are being finalized.**Key Development & Investment Features:**- **Large 938sqm Corner Block: High subdivision potential into three street-front lots (subject to council approval), capitalizing on the area's growth.- **Solid Home with Renovation Potential: A character-filled home offering the option to retain as a rental or renovate, providing flexibility for different investment strategies.- **Expansive Backyard: Ideal for creating outdoor amenities or enhancing the space for future development. Includes a paved alfresco area with ample room for landscaping or additional structures.- **Spacious Living Areas: A large separate living/family room and generously sized kitchen with a meals area, offering great flexibility for updates or redesigns.- **Kitchen and Meals Area:** The large kitchen space offers ample room to add an island bench or completely reconfigure, adding value and functionality.- **Lock-up Garage with Rear Access:** Perfect for future development access or additional parking options.**Strategic Location Highlights:**- Proximity to Belmont Forum and Belmont Forum Cinemas: Just a short 10-minute walk or 5-minute drive, providing excellent retail and entertainment options.- Access to Perth Airport (10-minute drive): Ideal for short-term accommodation or attracting FIFO workers.- Close to Perth CBD (15-minute drive): Excellent location for future residential or mixed-use developments.- Transport Connectivity: Well-served by public transport with bus stops along Wright St, making the site attractive for future residents.- Nearby Major Retailers: 10-minute drive to Costco and DFO, providing high retail exposure and accessibility for tenants or potential future buyers.- Proximity to Key Amenities: Just 15 minutes to Optus Stadium and Crown Casino, adding to the area's appeal for future developments targeting both residential and commercial use.With plenty of room for growth and the potential for significant capital appreciation, this is an excellent chance to secure a development site in an area of increasing demand. ***Property to be sold on a 'As Is' basis**Rates:Water: $1,071.11 PACouncil: TBAFor prompt further information including viewing times, please contact your long term LOCAL selling agent Paul Brookes on 0408940156. Service with a smile!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.