5 Adelphi Street, Bayswater, WA 6053

No Brainer Money Maker! Development? Retain & Build? Investment?

THE OPPORTUNITY:
Dreaming of investing in property but not quite sure where to start? Well, let me just say - you've come to the right place because Brian McKiernan proudly presents this perfectly level, R25 development block with an existing rental property that promises you OPTIONS GALORE TO MAKE MONEY:

OPTION 1 – Take full advantage of the today’s BOOMING RENTAL MARKET by renting out the existing house. At the same time, you can “land bank” the block’s development potential for a future subdivision and in doing so SECURE YOUR FINANCIAL FUTURE. It’s a winner!

OPTION 2 - Keep the existing house at the front as an investment property for PASSIVE INCOME cash flow, then subdivide the block into TWO and build a DREAM HOME at the rear.  You could sell it or occupy it yourself and still earn passive income from the front house.

OPTION 3 – Demolish the existing house, subdivide the block and build TWO DREAM HOMES! Live in one and either rent or sell the other.  Or rent both?  Or sell both?

OPTION 4 – Subdivide the block into two, rent the existing house while you build at the rear, then sell the existing house as an investment property and LIVE IN YOUR BRAND NEW HOUSE at the rear.

Whatever you do, either way this is a NO BRAINER MONEY MAKER!

For subdivision potential, please refer to the overhead photo to see / replicate what they did next door!

With options galore at your fingertips, this could be MONEY MAKING INVESTMENT OPPORTUNITY you've been waiting for.  Call TODAY to register your interest, so you don't miss out.  There is no set date sale, the property can sell at any time.

THE LOCATION:
Conveniently situated in one of the most sought after family friendly suburbs within 20 minutes’ drive of Perth CBD, this attractive location has so much to offer in terms of proximity to everything you need: walk to catch the train into Perth CBD, walk to the local park and schools; a short drive provides easy access to the Swan River and all the activities / recreation facilities it offers, pop out to the café strips in Maylands and Mt Lawley, and, if you’re FIFO, you’re just 15 minutes away from Perth Airport (Google maps). And you have the peace of mind knowing that you’re buying into a suburb that is quickly being rejuvenated with modern million-dollar plus family homes.

THE FACTS:
Perfectly Level 726sqm Green Title block with R25 zoning (TWO sites - subject to council approval).
Huge 26m Frontage – perfect for development / subdivision
3 x 1 character home available for rent immediately

THE HOUSE:
This is a well-presented, original 1950s 3 x 1 character house comprising:
- Large open plan Living / Dining / Kitchen area with original jarrah floors and an abundance of natural light from windows on two sides
- 3 Bedrooms: one king, one queen, one king single
- 3rd Bedroom is a huge 5m long and could easily be a second living area!
- Small Study at the front
- Main Bathroom with bathtub, separate shower, single vanity and WC
- Modernised Kitchen comprising 4 burner gas cook top, fan forced electric oven, double sink, dishwasher to stay, good storage and a bench top that doubles as a breakfast bar
- Separate Laundry at the back with trough and space/connections for washing machine and dryer
- HUGE, enclosed yard space both front and rear that’s perfect for kids and pets to play in securely.
- Large covered alfresco area at the rear to enjoy all year round
- Well-maintained lawn at the front that's perfect for pets and children to play securely
- The house is READY TO GO AS AN INVESTMENT PROPERTY.  
- For an owner occupier it may need some TLC, hence it is being sold on an “as is where is” basis.    - The house of course comes with peace of mind with the usual warranty that all electrical, gas and plumbing is in good working order and this can form part of the contract if required by the buyer.

EXTRAS:
- Beautiful Jarrah floors
- High ceilings
- Split unit reverse cycle air conditioning (heating & cooling) to the following: Living, main Bedroom, second Bedroom
- Ceiling fans in Living & two Bedrooms for additional cooling in summer
- Linen cupboard
- Gas bayonets in Living for extra winter heating & also externally for a gas BBQ
- Single Garage plus off-road parking for at least TWO large vehicles
- Garden shed to stay
- Reticulation in front garden is on a timer for ease of use

Water Rates: $1116 PA
Council Rates: $1975 PA

This versatile opportunity won’t last long with all the savvy investors and astute developers in the area.  

CONVENIENT LOCATION: 
EVERYTHING you need is right here on your doorstep: SHOPS, BUSES, SCHOOLS, PARKS, AND CAFES:
1.1 Km Chisholm Catholic College
1.1 Km John Forrest Secondary College
2.6 Km Galleria Shopping Centre & Cinema etc
1.2 Km Embleton Golf Course
3.8 Km Mt Lawley Golf Course
3.1 Km Swan River “Riverside Gardens”
1.2 Km Bayswater Train Station
1.2 Km Meltham Train Station
6.7 Km Perth CBD
11 Km Perth Airport

LIKE WHAT YOU SEE?
Call Brian McKiernan TODAY and register your interest so you don't miss out!

Disclaimer: The information provided here has been prepared with care, however it is subject to change and cannot form part of any offer or contract. Whilst all reasonable care has been taken in preparing this information, the seller or their representative or agent cannot be held responsible for any inaccuracies. Interested parties are advised to make their own independent enquiries.