4 Vernon Place, Spearwood

PRICE REDUCED!! OWNER WANTS SOLD!!!

An excellent opportunity for savvy investors seeking maximum bang for buck with the ability to consistently achieve maximum rewards with two rental incomes; developers hunting their next project - and indeed, home buyers hoping to establish themselves in one of Perth's best locations, with the ability to accommodate extended family independently whilst remaining under the same roof, or earn additional income through long-term or short-stay accommodation.

On a large 814sqm (approx) block zoned R30 with potential to subdivide (STCA) and potential rear lane access. Perfectly positioned in this highly desirable neighbourhood, within walking distance to nearest local shopping, quality public transport, and schools.

Acres of parkland, walking/cycling trails, lifestyle facilities, sporting grounds, quality schools and just minutes from Coogee Beach - the location is paramount, to say the very least!

Purpose-built to accommodate dual occupants completely independent of each other - each property with private entries, driveway, single carport; two bedrooms, bathrooms, kitchens, laundries; and large, separately fenced backyards with separate side access & covered entertaining areas.

Both are currently rented to fantastic tenants until October & November 2019, returning an excellent combined rental return of $35,360 per annum!

Not only will the numbers impress investors, the appeal of living in one and renting the other for additional income or fast-tracking capital growth will delight home buyers; and the development potential will certainly sell itself to property developers who'll be equally rewarded by retaining the current building and strata; redeveloping new townhouses immediately, or holding and collecting the rent while that capital continues to build.

Two homes for the price of one - $680.00 per week combined rental income.

DON'T MISS THIS OPPORTUNITY CONTACT RAZ ALBERTI FOR ME DETAILS!!!

Property ID: 7036626