24 Melrose Street

Leederville WA 6007

//Zoned R60
//498sqm of land holding (approx.)
//1925 character cottage

You could keep as is and land bank for the future with tenants paying $450p/w or ... (keep reading, the options below are exciting!)

For the developers/investors/builders:

//Apartments
Zoned R60 = 0.8 plot ratio (that's 398.4sqm of internal apartment space)
Perhaps 5 x 2 bedroom (70sqm) apartments and 1 x 1 bedroom 49.4sqm apartment?

//3 High-End Townhouses
How about constructing 3 luxurious/trendy townhomes?

//Two Homes
Build one and sell the other? Or sell both. You choose! It's a rare opportunity to find land to build your dream home in this location! It'll be non-existent very shortly.

//One Large Home
No.18 Melrose Street is currently under construction; an ultra-luxurious high-end build!

For the renovators:

Purchase with tenants in place and use this time to arrange your grand renovation plans and turn this into a stunning character home in a second-to-none inner-city lifestyle location.

As you'll now realise, the options are almost endless and there's plenty of opportunity here - meaning that this property will appear to a large range of savvy buyers.

All information above is to provide guidance only, buyers shall undertake their own due diligence on the subdivision and development potential of the property.