1A Railway Road, Kalamunda
$590,000 - $640,000
The Developers Bonanza! Offices - Professional Offices - Property ID: 930099
Exceptional Development Opportunities!
If you like making money, keep reading
Only 600 metres from the Kalamunda CBD, here is a property with multiple options which should excite your developer instincts!
Currently zoned R20 mixed use, with the zoning expected to change to R20/40 mixed use towards the end of the year.
(Feel free to contact the shire, directly across the road, for more information on this)
This property offers development opportunities right now, and even better ones to come in the near future.
So let's take a look at some of the options both now and after the proposed zoning change
NOW (with current R20 mixed use zoning):
Option 1: Currently privately rented, the existing 3x2 was home to the Kalamunda podiatry for many years. You could keep the property as it is and continue renting on the residential or commercial market, or run your own business from here
Option 2: The land is subdivisible. Option 2 is to retain the existing building and sub-divide off an entirely new block with street access to Swindells Lane.
Option 3: OR if you'd like 2 brand new and more evenly shaped blocks, you could demolish the home and be left with 2 new mixed use pieces of land.
EVEN BETTER (Once proposed re-zoning comes in):
Option 4: Utilise the proposed R40 option to create FOUR x green titled blocks all with street frontages utilizing Railway Rd and Swindles Lane
OPTION 5 MY PERSONAL FAVOURITE:
Build some lovely apartments and PROFIT!
With a plot ratio of 60%, you have 600sqm on which you could build roughly 8 apartments (possibly more, but for re-sale we'd recommend not making them too small.)
How awesome is that! Kalamunda is a great market for retirees too who don't want to give up the hills lifestyle, but don't want to maintain big gardens. Ideal candidates to purchase your newly minted apartments so close to all the amenities the Kalamunda Town Centre has to offer!
This is an utterly incredible opportunity, and quite likey that one you've been waiting for, so call the Mitchell Brothers ASAP
Nick Mitchell 0415 833 131
Alex Mitchell 0404 122 943
Disclaimer: Before making an offer, please make your own enquiries with the shire to ensure that your plan for the property is feasible. We can recommend the most knowledgeable staff to speak to if you like?
Office & Agent Details
Professionals Stirling Clark
- Shop 19M, Hawaiian's Forrestfield, 20 Strelitzia Ave
Forrestfield WA 6058
- E: email@example.com
- P: 08 9453 1888
- F: 08 9453 6020