Auction - Prime Investment Opportunity: Two Separate Lots 11 - 15 Abbey Road, ARMADALE

The PROPERTY:

Seize this rare opportunity to invest in the heart of Armadale's thriving Precinct 7 - Abbey Road. Situated within the R-AC0 zoned area, this expansive 3019-square-metre property over two separate titles offers a prime development block for high-density living, presenting a myriad of possibilities for  residential and some commercial ventures such as a Child Care Centre.

 The HOME:

Downstairs - The house plays host to formal living and dining rooms, an activity room, a separate kitchen, with a walk-in pantry, huge laundry, a massive master bedroom, a practical main bathroom and a potential second bedroom.  An expansive wraparound L-shaped verandah encourages covered entertaining outside overlooking established gardens.

Upstairs - A large third and fourth bedroom, a linen cupboard plus separate second bathroom that is almost identical to its counterpart on the ground floor, a separate toilet, a huge walk in storeroom, a central open-plan living and sitting area and a giant games room with its own storeroom in keeping with theme.

There are also two generous workshops on-site.

Key FEATURES:

Strategic location: Nestled in the Abbey Road Precinct, this property is perfectly positioned to benefit from Armadale's ongoing transformation. With direct access to key transport routes, including Armadale Railway Station, Armadale Road and Railway Avenue, this location offers unparalleled convenience for residents and visitors alike.

Significant development potential: With a land size of **3019 square metres**, this site offers investors the potential to build multiple multi-storey apartment blocks, maximising the high-density zoning and growing demand for modern, urban living in Armadale. This prime location's potential to create a vibrant apartment community is unmatched.

Urban regeneration focus: As part of the Abbey Road Precinct, this site is set to become a vibrant living and working environment. The area is designed to integrate residential spaces with close by commercial activities, offering a balanced mix of amenities that enhance the quality of life for residents.

Investment in infrastructure: The Abbey Road Precinct is undergoing significant infrastructure improvements, including the development of high-quality streetscapes, continuous tree planting and public urban gardens. These enhancements aim to create a visually appealing and sustainable environment that will attract residents and businesses.

Proximity to key amenities: Residents will enjoy close proximity to new areas of open space, retail hubs and cultural attractions. The precinct's landscape design ensures that green spaces are interwoven throughout the area, providing a tranquil setting, passive recreational spaces  within an urban environment.

Future growth potential: Armadale's population is projected to grow significantly, driving demand for new housing and commercial spaces. This property offers a unique opportunity to capitalise on this growth, with the potential for high returns on investment as the area continues to develop. Investors are invited to explore the financial incentives available for affordable housing and government policy as it relates to the Housing Australia Future Fund (HAFF). https://www.finance.gov.au/government/australian-government-investment-funds/housing-australia-future-fund

With the potential urban renewal capacity of the combined lots the site, 11 - 15 Abbey Road is an outstanding investment in one of Perth's most dynamic urban renewal precincts.

Other features include, but are not limited to:

1.      Zoned R-AC0

2.      Double-door main entry and double-door living-room entry, via the front porch

3.      Corner fireplaces in the downstairs formal-living and activity rooms

4.      Welcoming kitchen, adjacent to a huge laundry with built-in linen storage and verandah access

5.      Stainless-steel modern dishwasher

6.      Range hood

7.      Standalone gas-upright cooker and oven

8.      Double kitchen sinks

9.      Tiled kitchen flooring

10.  Space for casual meals, within the kitchen

11.  Built-in wardrobes to the master bedroom

12.  Evaporative and split-system air-conditioning

13.  Ceiling fans

14.  Timber skirting boards and door frames

15.  Security doors and screens

16.  Ample parking space

17.  Council Rates 11 and 15: $625 Quarterly or $2500 Yearly (Approx)

18.  Water Rates: $208.26 Bi Monthly or $1,249.54 Yearly (Approx)