21/23 Halley Street

Innaloo WA 6018

Superbly located in one of Innaloo's most sought after street, this massive development property will appeal to many buyers with 911sqm of land!Only a short drive away to Scarborough Beach and within close proximity to Karrinyup Shopping Centre, Lake Gwelup Reserve, Westfield Innaloo, schools and public transport hubs. The demand to move into this appealing suburb will surely increase!In a R40 zoned with street frontage of 20.1m, this property shows potential opportunities to develop up to four homes. The block is slightly elevated at the rear with possible views of Lake Gwelup!OPTION 1 - Subdivide into 4 lots. Sell individual lots as house and land packages.OPTION 2 - Develop into 4 single or double storey 4 bed 2 bath double garage homes. Sell end product to high demand market.OPTION 3 - Keep the current tenants in the property and collect $775p/w to help service the loan. Enjoy the good capital growth whilst servicing the debt.OPTION 4 - Move into one house whilst renting out next door. Use the $420p/w collected to help service the debt and develop in 5-10 years when the market peaks again.The property already contains two renovated duplex homes with the ability to return a combined rent of $775p/w.FEATURES OF EXISTING HOMES:- 2 Large open plan living areas- 2 Inner courtyards- 2 x 3 Double bedrooms- Built in wardrobes- Garages with direct access into the property- Ducted A/C- Renovated kitchen- Renovated bathroom- Fire place- Landscaped gardens with reticulated trickle system- Hard wired smoke alarms- RCDs- AlfrescoBe Quick! Opportunities like this don't come around often!Call Jorden Peirce on 0416 300 431 and register your interest today!