33 Fifth Road,
ARMADALE

3 Beds
1 Bath
Sold $265,000

Investment Asset - Price Reduced

A unique opportunity to acquire a prime investment/development asset in the City of Armadale West of Rail Precinct. The property is ideally located near the Armadale Train Station and within walking distance of the Armadale town centre. The desired outcome for the West of the Rail Precinct is for high quality, high density (to R80) residential/mixed-use development.

Development in this part of the precinct will call for a minimum of 2 storeys and a maximum of 3 storeys.

This property is 911m2 in size with a very solid and serviceable 3 x 1 home (Brick & Tile) that will produce a handy income whilst the development opportunities for this site are tested.

The property is currently leased at $250 per week but the lease expires on 27/6/2020.
This means the property is available for immediate occupation for an owner or available for release to new tenants.
Current rental is still seen as market rent.

Don't miss the opportunity to be part of this exciting re-development area that is just starting to gather momentum.

Contact Mike Dunsmore 0413 754 110 or Peter de Jonge 0427 278 524

Features

  • Land is 911m2

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Mike Dunsmore
Mike Dunsmore
Commercial Sales Consultant
Peter de Jonge
Peter de Jonge
Residential Sales Consultant