Potential Triplex Block 928sqm

Situated on the corner of King and Frederic Streets, this block has an area of 928sqm and under the current zoning, being a corner block, it has the potential to be subdivided into 3 lots. Otherwise keep it as a long term investment for future redevelopment, the property is currently rented at $330 per week. Otherwise it would be a great starter home, it needs work inside, and once it’s done you would have made the most of the high ceilings and the jarrah floorboards. The home appears to be circa 1950’s built and has some features typical of this era. And being in the northern end of Gosnells the property is close to the adjoining suburbs of Thornlie and Huntingdale.
Council Rates: $1506.00 p.a
Water Rates: $883.00 p.a

Property ID: 1200733