6 Butson Place

Redcliffe WA 6104

Extremely hard to find are these sought after High Density larger blocks so close to a Capital City, Domestic and International Airport.The 1348sqm zoned R20/40 block opens up many options for re-development.The property is being sold on a "AS IS" basis.It does however have a Solid Double brick and tile 3 x 1 x 1 house that may or may not be a consideration to the purchaser.- Next door is nine apartments on a 961sqm block.- On the other side is four single level homes on 1251sqm block- Build six (6) townhouses on this site, R40- Build twelve (12) to fourteen (14) apartments depending on configuration on this site, possibly more under R40- Create up to five (5) lots of land to on sell under R35There is a massive shortage of housing stock in Perth evidenced by seeing skyrocketing rents, Government Housing waiting lists, traditional homelessness and the rush of adult children moving back with Mum and Dad. This current crisis will not be resolved quickly and may in fact get worse.When we see dynamics like this, we often see capital growth in property prices. Supply and demand generally rules the roost, regardless of what the "Bank" or "Expert" report says.You do the numbers, property crash or sustained capital growth ahead?This property may prove lucrative to many different types of buyers- Want a small farmlet 10Kms from the City, 2.5Km to the train station plus more- Investor - land bank, tart the house up and make compliant to RCD/Smoke Alarm laws- Developer - Build to sell- Developer/Investor Build for RentThe bigger the block the more options you have, whether it is a staged redevelopment or a turn-key fully completed project.