887 Canning Highway

Applecross WA 6153

Looking for a unique investment opportunity that offers both potential for development and holding income? Look no further than this consolidated property in the highly sought-after area of Applecross. Get in on the action and own your piece of the Canning Bridge Structure Plan (CBSP) with these fully leased units located in the highest density of the CBSP - Zoned R-ACO (mixed used zoning). These four single level units provide a secure holding income whilst plans and timing align for future development creating an amazing opportunity for those looking a blue sky investment property.

This quarter acre site comes with four fully leased units:

• All units are two bedroom, one bathroom

• Built-in robes in bedrooms

• Enclosed courtyards

• Located the M10 zone of the Canning Bridge Structure Plan

Sitting on a significant land mass of 1014sqm, this property boasts a perfectly shaped rectangular block that is optimal for a future redevelopment plans. The property's versatility is what sets it apart from other investments. Currently fully leased, this property offers the opportunity to sit back and collect a rental return whilst land banking in the heart of Perth's most active structure plan. Alternatively, with its potential for short-term accommodation, the returns could be even more impressive. But the real value of this property lies in its development potential. With scope to retain the building, renovate the existing units, add an extension, or demolish and redevelop the land, the possibilities are endless.

Imagine owning a stunning development in one of the most desirable locations in Applecross. Don't miss out on this once-in-a-lifetime opportunity. Please contact the Sales Team for further information or to receive a copy of the Information Memorandum.