318 Railway Parade

East Cannington WA 6107

Proposed Lot 1/318 RAILWAY PARADE EAST CANNINGTONCalling all astute investors and incisive buyers! This investment is exactly what you need to get a leg up into the real estate arena.Propose lot 1 /318 Railway Parade in East Cannington is a perfect green title corner block sitting on 530sqm of land, zoned R40. Currently, there is a property situated on the block. This property is separated in two distinct units. One is a deli which consist of a 1-bedroom, 1-bathroom. Situated adjacent to the deli is a 3-bedroom, 1-bathroom home which can easily accommodate 4 cars. Both these units are presently being tenanted out, generating two healthy income streams.Proposed lot 1 is presently undergoing subdivision process by WAPC. The completion of subdivision process is estimated to be in 3 to 5 months. The settlement for proposed lot 1 is only upon issuance of the title. The choice is yours- To build one large family home*,- Subdivide the block into two lots of land and sell* or- Subdivide and build 2 more houses on it* The options are endless with the potential offered by this property.*(Subjected to Council Approval and to conducting your own due diligence).LocationThe location is just superb! Situated diagonally opposite the Beckenham train station, no more than a 5-minute stroll away. Fancy a shopping spree and some entertainment? Well, look no further. The largest shopping mall in the Southern Hemisphere the Westfield Carousel and Entertainment Complex is merely 2km away. Only 12.5km to Perth City and 11km to Perth International Airport. Truly a central location.INVESTORS - With an extremely low vacancy rate in rental properties of less than 0.8% in Perth now, the historically low lending rates and grants in place why not take full advantage? Start building properties on this block and rent it out. Get your foot in the door and build your own real estate empire!BUYERS - Own this block of property zoned R40 with a land area of 830 sqm and develop. Build a lovely family home or strive to achieve your developer's dream. TENANTS- Time to stop paying your landlord's mortgage. Build your home easily and enjoy the historically low lending rate! Rents are likely to jump as high as 20% as announced in West Australian papers dated 2 Nov 2020. Don't miss out.Features include:- 830sqm green title block and zoned R40- Potentially sub-dividable into 2 lot- Busy and good exposure street front location- Beckenham Train Station 500 meters- Westfield Carousel Shopping Centre 2km- Curtin University 8.5 - Perth Airport 11km- Perth CBD 12.5km- Easy Access to Oroong Road, Tonkin Highway, Roe Highway and Albany HighwayNearby schools include - Gibbs Street Primary School(1.2km),- Beckenham Primary School(1.5km), - Queens Park Primary School(2.4km) and- Rehoboth Christian College (2.5km).This property is primed for development. Don't wait call us today and set yourself up to excel in the real estate industry. You won't be disappointed.DISCLAIMER: Whilst every care has been taken with the preparation of the information believed to be correct in the advertisement, neither the Advertiser, Agent nor the client nor servants of these, guarantee its accuracy. Interested parties must make their own enquiries and satisfy themselves with any aspect. The information contained are not intended to form part of any contract. Images are for illustrative purposes only. Users of this advertisement must do their own due diligence and absolutely no liability and/or no responsibility will be assumed by the Advertiser/Agent/Associated Parties etc.