126 Central AvenueInglewood WA 6052
Property Details for 126 Central Ave, Inglewood
126 Central Ave, Inglewood is a 8 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 1012m2.
Last Listing description (March 2024)
This wonderfully maintained complex of 8x1-bedroom units offers an abundance of opportunities for your next investment project to come to life! Whether you're interested in continuing to maintain the current complex as is, or have an eager eye for future redevelopment, this desirably located 1012 sqm property is sure to attract a strong interest.
Located just off the ever-popular Beaufort Street you will find this entire block of strata apartments is truly a rare find. Currently yielding an impressive income in excess of $130,000p/annum, and with the ability to redevelop. Strong cash flow, development and/or refurbish potential along with outstanding capital growth this property has so very much to offer, all prudent investors, developers and property improvers.
Each apartment offers an average size of 45 sqm, car parking (all of the unit carparks are undercover), air conditioning, all within a complex that is so ripe for upgrading.
The current owners have had several options drawn up to capitalize on the existing structure, or completely redevelop up to 17 new apartments, subject to Council approval. With 8 existing strata titles and a myriad of upgrade/redevelopment options this is a rare opportunity. (Three potential redevelopment plans/scenarios available upon request)
Expressions of Interest
Property History for 126 Central Ave, Inglewood, WA 6052
- 04 May 2023Listed for Sale Circa $2.5 Million
- 12 Aug 2016Listed for Rent - Price not available
- 11 Dec 2015Listed for Rent - Price not available
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0About Inglewood 6052
The size of Inglewood is approximately 2.9 square kilometres. It has 13 parks covering nearly 36.4% of total area. The population of Inglewood in 2011 was 5,501 people. By 2016 the population was 5,665 showing a population growth of 3.0% in the area during that time. The predominant age group in Inglewood is 30-39 years. Households in Inglewood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Inglewood work in a professional occupation. In 2011, 62.2% of the homes in Inglewood were owner-occupied compared with 62.9% in 2016.
Inglewood has 2,953 properties.
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