Simar, your Local Morley Property Matchmaker, is thrilled to present another outstanding opportunity to the market. This property offers a range of possibilities, and your decision may be influenced by your specific goals and preferences. Here's a comprehensive overview: Property Highlights: Located in one of the premium pockets of Morley, this 769m2 development site is zoned R40/60. Two separate homes on one block, each with its own driveway and entry. The existing home (3/1/1) and separate granny flat (1/1/1) provide current rental income of $800 per week. This could be a great investment with a bit of elbow grease and some new finishes. A rare opportunity in Morley located opposite Pat O'Hara Reserve within walking distance to Morley Galleria and Coventry Markets showcasing significant development potential. With options galore, consider the following: Develop: With the property's generous size and favourable zoning, there's potential for development. Demolishing the existing structures could lead to the creation of a triplex site with R40/60 zoning. Additionally, with WAPC approval, a quad site is possible, potentially accommodating up to 7 apartments (subject to relevant approvals). Renovate: If your goal is to keep and land bank, the existing home and separate granny flat provide rental income of $800 per week. Renovating these structures could enhance their appeal and potentially increase rental income. This option is suitable for those looking for a profitable long-term investment. Detonate: For a completely fresh start, the option to demolish and rebuild is available. This allows for the construction of a new development tailored to your vision and preferences. Additional Property Features: Located within proximity to many establishments and amenities including, but not limited to Shopping centres: - Coventry Village Shopping Centre (650mtr) - Galleria Shopping Centre (700mtr) - Crimea Shopping Centre (1 km) Schools: - Morley Primary School (550mtr) - Infant Jesus School (1.3km) - Weld Square Primary School (1.5 km) - Embleton Primary School (1.8km) - John Forrest Secondary College (2 km) - Hillcrest Primary School (2.4 km) - Chisholm Catholic College (2.5 km) - Noranda Primary School (2.6km) Other desirable location benefits: - Easy walk to nearby coffee shops and restaurants - Open recreational areas/ parklands - Walking distance to Bayswater Waves which is a great recreation centre - Near to the New Metro Link stations at Morley and Bayswater - Approx 8.7 kms away from the CBD and Approx 12 kms away Perth Domestic Airport - Easy access to Tonkin Highway. Call Simar on