8/4 Eldorado Street

Osborne Park WA 6017

This huge 2023m2 lot is located on a quiet street corner with additional laneway frontage, perfectly positioned to develop the under-utilised land.

While waiting to capitalise on this unique land development opportunity, the apartment is ready to move in with all the hard work done for you.

- Private north facing living with lovely tree outlook
- Natural cross-ventilation
- Both Bedrooms are well sized to allow multiple configurations
- Main bed has new BIR with handy drawers
- Quality bamboo flooring through living and passage
- Provision for a washing machine within the apartment
- Quality acoustic carpet in bedrooms
- All internal and external doors have been replaced
- All new power point and light switches
- Large windows to all rooms
- Split system (air con & heating)

Located in a very quiet area and within established trees that provide a lovely green outlook wherever you look, you would be surprised to find a busy local centre on Main Street with all the conveniences of city living just 100m away.

The building is a very neat and tidy example of a 1970s walk-up apartment and has stood the test of time.

This is a rare chance to buy a property that has a strong proven rental history of $320 per week for the past 6 years, providing a positively geared investment property, or for the home buyer, a beautiful home with repayments cheaper than rent!

With over $20,000 spent on this apartment since it was purchased in 2014 AND the land banking opportunity, this one is worth checking out!

Strata: $500pq
Water: $876 yr
Council: $1,376 yr
Disclaimer: Any development is subject to various approvals. Please seek independent advice relating to the development potential and rent/mortgage comparison.
Note: This unit represents 1/9th ownership of the total property land area of the lot. Each unit has equal unit entitlement.

To enquire, please email or call 1300 815 051 and enter code 8551