40 Gresham Street

Victoria Park WA 6100

Prime Hilltop Location with endless optionsNestled on the crest of the hill, this exceptional property boasts an unparalleled location that offers extraordinary possibilities. Covering a massive 1012m2, this expansive land is zoned R40, providing a rare and lucrative opportunity for developers and investors alike. With zoning that allows for the creation of up to four new distinct properties, this is your chance to design and build multiple new homes in one of the most sought-after areas in Western Australia.Imagine the possibilities: possibility to subdivide the land into four separate lots, each offering approximately 250m2 of prime real estate, all with desirable street frontage. Whether you choose to develop and sell each block individually or construct up to four contemporary homes to capitalize on the high demand for new properties in this area, the potential return on investment could be substantial. Alternatively, the option exists to retain the existing charming home and build new properties on the remaining land, offering flexibility and multiple avenues for profit.A Charming Character Home with Endless PossibilitiesSteeped in history, the existing 1930-built character home this is a rare find. Rich in original details and architectural charm, this home presents a unique chance for those who appreciate the elegance of a bygone era. The home exudes warmth with its timeless features, from the stunning jarrah flooring to the high ornate ceilings, providing a beautiful canvas for a thoughtful renovation. For those who dream of living in a piece of history, this home offers the joy of restoring and personalising a classic residence, creating a perfect blend of old-world charm and modern convenience. The expansive land provides ample space for children to play, gardens to flourish, or simply to enjoy the serenity of a large, private backyard.An Unmissable OpportunityHowever, the potential doesn't end there. This property presents a versatile investment strategy: you may decide to retain the house and subdivide the remaining land to sell off or develop into additional homes. The option to keep the house and develop or sell the rest of the land offers a unique opportunity to enjoy the charm of the existing home while benefiting financially from the unused portion of the property.Whether you're an investor, developer, or someone seeking a unique home with substantial land, this property provides endless opportunities. The perfect blend of location, potential, and character makes this a standout opportunity that is rarely available in today's market. Don't miss your chance to secure a prime piece of real estate with incredible potential for growth and profit in one of the area's most prestigious locations.Disclaimer: Prospective buyers should make their own independent inquiries to their full satisfaction in relation to the property and any potential development possibilities that may be available, prior to submitting an offer. All potential development opportunity overlay images, are for indication only and as such are not approved plans. Any development opportunities will be subject to all relevant authority guidelines and approvals. Whilst every care has been taken in preparing this advertisement and all information is provided in good faith, neither the agent nor the seller accept responsibility for any errors, omissions, or misdescription.