16 Argyll Street, Gledhow WA 6330

Developers, investors and far-sighted buyers motivated by a potentially lucrative asset will be inspired by this sizeable land parcel offering several options, including a desirable lifestyle five minutes from town.

The estate comprises two cottages and a freestanding shed on an attractive 1.68ha block. The land has previously been approved for subdivision into up to many residential lots, giving buyers a strong indication of its future development potential, subject to any new application and required approvals.

Allocation of lots would be facilitated by the two-road access of the block, which is mostly cleared and slightly sloping.

Lifestyle buyers may instead be drawn to the exceptional location and leafy setting, with scope to create a substantial contemporary home, big sheds and extensive gardens on the super-sized block.

However, the appeal of smaller lots for modern homes within easy reach of town, schools, a major supermarket, sporting facilities and the coast has been demonstrated directly opposite at the Argyll Heights Estate, developed in recent years.

Both cottages are in good condition and currently leased, an arrangement that could be continued if the purchaser favoured holding the land for future development or resale, with the expectation of good rental income in the meantime.

The 1950s cottage at the front consists of an air-conditioned lounge and dining area, kitchen, patio, three double bedrooms and a wet room combining the laundry and shower room with a vanity and toilet.

Behind this, the second cottage was built in the 1970s and sports original jarrah floorboards in the air-conditioned lounge and dining area, which is a sunny room with extensive glazing and a wood fire. It has a kitchen with a walk-in pantry, three double bedrooms, a bathroom, a patio and a carport.

The lock-up shed, also in good condition, has a large lean-to for storage.

Zoned Urban Development, the land has strong potential for rezoning to R20/R40, and previously approved subdivision plans are available.

Discover the myriad possibilities and benefits of securing this land in an excellent location and with realistic prospects for an enviable lifestyle or profitable returns – talk to Tommie Watts of Elders Real Estate on 0476 514 921.

Main points:

- 1.68ha land, suitable for development, subdivision or lifestyle
- Zoned Urban Development, potential for rezoning to R20/R40
- Five minutes' drive from town, easy access to schools, shops, coast
- Two three-bedroom cottages, in good condition, both currently tenanted
- Freestanding shed with lean-to
- Land slightly sloping, grassy and mostly cleared
- Two-road access
- Exciting options for profitable returns

Council Rates: $4,030.60 pa
Water Rates: $296.90 pa

Property Features

• Air Conditioning
• Bush Retreat
• Carpeted
• Close to Schools
• Close to Shops
• Shed
• Window Treatments