Block of Units

27 Mills St, Cannington WA

$4,700,000
29
17
0

INVESTORS ALERT - 4601SQM ON OFFER WITH 10 UNITS + MAIN HOUSE

Your opportunity to receive immediate return on investment with a potential rental return of $220,000 p/a*.

The site consists of 10 units and the main 2 story house with the opportunity to continue to rent out what exists on the site or demolish and rebuild apartments which may provide various options in re-zoning and/or increased return on investment.
The 10 ground floor units provide 2, 3 and 4 bedroom properties and have been individually designed. The original 2 story main house has 6 bedrooms and 3 bathrooms and would be perfect for student accommodation.

There is also a single vacant Lot which had plans approved but nothing further developed.

Examples of apartment buildings which are 3 storey high and mixed use lots in the area are only metres away.

* These numbers are based on rental values in the area for similar type properties and current tenanted properties in this complex.

Portrait photo

John Barndon

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