In One Line Opportunity - Large Apartments, High Income, Reliable Cashflow

This is your chance to secure a rare block of 18 apartments in Osborne Park. With its unbeatable location close to local shopping and freeway access. With strong and increasing income, and development opportunities, this property is a compelling proposition for investors and developers alike.

Plus, with high underlying replacement costs and R40 zoning, this is a solid long-term investment. With historically low vacancy rates.

Featuring:
• 18 Spacious apartments, consisting of;
• 12 x 3 bedroom apartments of 82sqm* each
• 6 x 2 bedroom apartments of 71sqm* each
• Massive 4,047sqm block, with significant excess land with future redevelopment upside
• Projected gross income of $380,000pa
• Very well maintained and cared for
• Unbeatable city fringe location with key infrastructure and shopping nearby
• Strong income and development potential
• High underlying replacement cost and R40 zoning

For further information or to arrange an inspection please contact the Agents:

Stephen Harrison
Ray White Commercial (WA)
Mobile: 0421 622 777
Email: stephen.harrison@raywhite.com

Brett Wilkins
Ray White Commercial (WA)
Mobile: 0478 611 168
Email: brett.wilkins@raywhite.com

Tom Jones
Ray White Commercial (WA)
Mobile 0478 771 117
Email: tom.jones@raywhite.com

*Approximately

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