RARE BLUE-CHIP INVESTMENT OPPORTUNITY. BUY TWO HOUSES ON ONE TITLE OR FOUR HOUSES ON TWO TITLES.
19 & 21 Kotisina Gardens, LAKE COOGEE WA 6166
There are two property titles available. Number 19 and number 21. Each title has two independent fenced off houses that have been built completely individually however have not been officially subdivided in the final stages in order to release separate titles. Our research shows the houses could all be separately titled with minimal hassle and expense through the local council and utilizing a professional surveyor however this would be subject to completing due diligence and local council approvals. As it stands this investment has been delivering healthy returns to the same owners of both titles for many years. With the REIWA 2021 Outlook figures released in November 2020 indicating Perth rents are forecast to increase 10-15 per cent next year 2021 and house prices 6-10 per cent because of strong demand, record low interest rates and the return of confidence to the real estate sector this investment will be a valued asset to the new purchasers. You have the opportunity to purchase two houses on one title or four houses on two! This set up would also be ideal for an owner occupier looking to purchase and live in one home and experience healthy rental returns from the other house on their property as an occupier/investor. All houses are currently leased with quality tenants.
Each house sits on approximately 350sqm of land separately fenced off totaling 1472sqm over the entire offering on 2 titles.
The properties are located 1.6km from the beachfront as the sparrow fly’s, close to the beautiful Coogee Marina and only 8km to South Fremantle with thriving cafes, restaurants and bars galore. A stones throw away down the road you also have beautiful parkland and stunning lakes.
INSIDE THE PROPERTY’S
The houses are all 3 x 2 in size and have been well maintained. They each have double garages under the main roofs.
OUTSIDE THE PROPERTY’S
Each house has a lovely private courtyard and all are neatly presented from the front with a low maintenance garden finishes and paved driveways.
WHAT TO DO NEXT
Hit the contact agent section now and make your time to view the property in person, in this hot market properties with this combination of quality, location and price do not last!