176 & 180 Morrison Road, Midvale
An exceptional opportunity for builders, developers and investors to secure two adjoining properties on separate titles, offering a combined land area of 1,690 m².
With DA approval for eight villas being provided as part of the offering, this is an exciting opportunity to bring your next development project to life. Imagine the rental income from eight 4-bedroom, 2-bathroom villas, creating an attractive investment opportunity for those looking to develop and hold for long-term returns.
Both properties currently generate rental income, allowing you to earn while planning your next move.
Current Rental Income
176 Morrison Road: $660 per week
180 Morrison Road: $750 per week
Combined rental income: $1,410 per week ($73,320 annually)
176 Morrison Road – Features
3 bedrooms, 1 bathroom
Spacious kitchen
Living area with fireplace
Ceiling fans and split-system air conditioning
New carpet throughout
Built-in storage
Bathroom with bathtub and shower
Generous backyard with patio
Side access and two sheds
180 Morrison Road – Features
5 bedrooms, 1 bathroom
845 m² block with R40 zoning
Multiple living areas
Kitchen with stone benchtops and gas cooktop
Split-system air conditioning
Bathroom with bathtub and shower
Separate laundry and second toilet
Enclosed carport and additional parking
Drive-through rear access
Spacious backyard and separate shed
Double opening front gates
Convenient Location
Close to Midland Gate Shopping Centre
Easy access to Midland Train Station
Convenient access to Roe Highway and Great Eastern Highway
Near local schools, cafés, restaurants and medical facilities
Easy connectivity to Perth Airport and the Perth CBD
Two properties. Two titles. 1,690 m². Eight villas. One exciting investment opportunity!
Whether you’re a builder ready for your next project or an investor looking to expand your portfolio, this is an opportunity to explore a development with substantial future rental appeal.
The development is subject to the terms, conditions and scope of the relevant DA approval. Buyers should verify the approval documentation, conditions and any further requirements before proceeding.
For all inquiries, please contact Kajal Kamboj on 0411 810 169.
Disclaimer:
The information contained in this advertisement has been provided by the seller and other sources deemed reliable; however, no warranty is given as to its accuracy. Interested parties should make their own independent enquiries and seek professional advice before making any purchasing decisions. Any reference to subdivision, development potential, zoning, lot yield, or future use is subject to approval by the relevant authorities and buyers must satisfy themselves through their own due diligence. Distances, measurements, rental figures, and property details are approximate and provided as a guide only. First National Swans and its representatives accept no liability for any loss arising from reliance on this information.
