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37a & 37b Loton Avenue
Midland, WA 6056
EOI
Overview
37a & 37b Loton Avenue, Midland
This property presents a prime investment opportunity located on Loton Avenue, positioned on the edge of Midland's commercial precinct. It is a high-density development site that offers extensive potential for investors and property developers alike. The property is currently leased, generating a combined rental income of $995 per week, with long-term tenants who are keen to remain.
The site benefits from most essential services being available, including sewer access at the rear of the lot. The property comprises two separate three-bedroom units, making it suitable for transport-oriented design codes. It is conveniently located within 800 meters of the St John of God hospital, enhancing its appeal as an ideal superannuation investment.
Situated on a 1445 square meter R60/100 zoned lot with separate titles, this property offers significant future development potential. It is an excellent choice for those looking to secure their retirement, embark on a development project, or purchase between family members or friends.
Major infrastructure developments are underway in the area, including the recently completed Midland train station and transport hub, with the new St John of God private hospital soon to open. The site falls within the transport-oriented development catchment area, which may provide parking concessions under residential design guidelines. Prospective buyers are encouraged to consult with the City of Swan regarding the development possibilities this site offers.
Located centrally, the property provides easy access to all major amenities and transport routes, making it an attractive prospect for savvy investors. This is an exceptional opportunity to invest in a property with strong rental returns and promising development potential.
Disclaimer: The information provided is for general purposes only and is based on details supplied by the seller. It may be subject to change, and no warranty or representation is made regarding its accuracy. Interested parties should conduct their own independent enquiries.
Location
Midland WA 6056
Market Insights for Midland WA 6056
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