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Land/Development in Osborne Park
In One Line Opportunity - Large Apartments, High Income, Reliable Cashflow
- Building: 1,422m²
- Land: 4,047m²
This is your chance to secure a rare block of 18 apartments in Osborne Park. With its unbeatable location close to local shopping and freeway access. With strong and increasing income, and development opportunities, this property is a compelling proposition for investors and developers alike.
Plus, with high underlying replacement costs and R40 zoning, this is a solid long-term investment. With historically low vacancy rates.
Featuring:
- 18 Spacious apartments, consisting of;
- 12 x 3 bedroom apartments of 82sqm* each
- 6 x 2 bedroom apartments of 71sqm* each
- Massive 4,047sqm block, with significant excess land with future redevelopment upside
- Projected gross income of $380,000pa
- Very well maintained and cared for
- Unbeatable city fringe location with key infrastructure and shopping nearby
- Strong income and development potential
- High underlying replacement cost and R40 zoning
For further information or to arrange an inspection please contact the Agents:
Stephen Harrison
Ray White Commercial (WA)
Mobile: 0421 622 777
Email: stephen.harrison@raywhite.com
Brett Wilkins
Ray White Commercial (WA)
Mobile: 0478 611 168
Email: brett.wilkins@raywhite.com
Tom Jones
Ray White Commercial (WA)
Mobile 0478 771 117
Email: tom.jones@raywhite.com
*Approximately
1,422m²
4,047m² / 1 acres
R20/R40 - Low Med Density Residential
Tenanted
Other, Land/Development