127 Serpentine Road, Albany
RARE R30 WATER VIEW CBD PROPERTY House - Property ID: 869293
Seldom do potential residential development properties of this size surface in the market in this highly sought-after area of Albany's city centre.
There has already been genuine buyer interest, making it all the more imperative to act quickly on this R30-zoned, potential four-unit 1,194sqm property offering back-to-back street frontage and access.
It is situated within Albany's CBD boundary and is only a 200 metre stroll from thriving downtown York Street.
And there is significant potential to capitalise on the existing harbour, hill and city vistas.
Preliminary plans have already been drawn up to subdivide a 350sqm rear portion of the property into a separate lot. This gives prospective buyers the option to buy the entire R30 lot and sell the rear lot of the property.
For buyers more interested in becoming owner-occupiers, there is one more surprise.
It comes with a solid, rambling 1950s two-level, 7x2 family home filled with character and potential for a downstairs granny flat or home-based business office with foyer and private entry.
It has the high ceilings, ornate plasterwork, original jarrah floors throughout most rooms, good storage, bathrooms on both levels and a large separate entry, lounge, dining room and kitchen with modern commercial oven.