15 Morrissey Street Glen Iris, 6230 WA
Great Investment Opportunity!
Prime Development Opportunity! 1174m² Zoned R15 – 2 Houses on one block - Separately metered!
Land Area: 1174m² Zoning: R15 (Potential for development opportunities, subject to council approval) Potential Earnings of up to $1,000 per week
House 1: Built in 1967 3 Bedrooms 1 Bathroom Cozy and comfortable layout Split system airconditioner 6m x 6m Powered Workshop
Currently leased till June 2025 at $270 per week with the potential to increase at the end of the tenancy to $500/week.
House 2: Built in the 2005 3 Bedrooms 2 Bathrooms Spacious living areas Extra storage in the carport Split system airconditioner Currently leased till February 2025 at $340 per week with the potential to increase at the end of the tenancy to $500/week.
Both homes are perfect for dual occupancy after June 2025 or rental income while you explore development options.
Excellent location with easy access to local amenities, schools, and public transport Ideal for investors or developers looking for future potential Ample land size with R15 zoning flexibility for development
This is a rare chance to secure a large block with existing residences and future growth potential. Don't miss out!
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Inspection of this property is available strictly by arrangement only.
Contact
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Julia Kranz