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Knight Frank - Perth

66 Frederick Street Shoalwater, WA 6169

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66 Frederick Street,
Shoalwater, WA 6169

Development Sites & Land

Price information

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Key property information

Land area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$102,960
Number of Tenants
8 Tenants

Private inspections

to arrange a private inspection.
Knight Frank - Perth
Tony Delich

Knight Frank - Perth

Lvl 10, Exchange Tower, 2 The Esplanade
PERTH, WA 6000
04189264...
Knight Frank - Perth
66 Frederick Street
Shoalwater, WA 6169

Map of 66 Frederick Street

Directions
  • Train stations within 5 km of 66 Frederick Street, Shoalwater, WA 6169Distance
    Rockingham Station4.6 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 66 Frederick Street, Shoalwater, WA 6169Distance
    Safety Bay Rd After Shoalwater Rd178 m
    Safety Bay Rd After East Rd231 m
    Safety Bay Rd Before Shoalwater Rd243 m
    Safety Bay Rd After Otway Pl444 m
    McLarty Rd Before Safety Bay Rd464 m
    POWERED BY HERE ©
POWERED BY HERE ©

Low Risk Investment Opportunity with Future Redevelopment Potential

Offers are invited to purchase this residential complex in popular Shoalwater.

- Fully leased group of 8 well maintained residential units.

- Close to amenities including; Shoalwater Shopping Centre and safe beaches.

- Land area 2,023 sqm with R40 zoning, permitting a 2 level building to increase unit density in the future.

- Estimated Gross income approximately $102,960 with net income of $65,399.

- Each two bedroom unit has an approximate living area of 68 sqm. Units are not strata titled.

- Fantastic future development opportunity from excess plot ratio on current development.

- Excellent tenancy history providing solid income return with limited downside risk from 8 tenancies.

- Rare opportunity to acquire a leased investment with upside in growth location.

We invite all reasonable offers - Inspection strictly by appointment.

Property ID: 504091783Last Updated: 9 Aug 2022

Knight Frank - Perth
Lvl 10, Exchange Tower, 2 The Esplanade
PERTH, WA 6000
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