29 Wells Street BELLEVUE WA 6056
EOI MID $1Ms

DESCRIPTION

Now here's an investment opportunity you don't see every day.

This absolute charming circa 1920s built brick & iron cottage has eight bedrooms and four bathrooms, covers two lots but is on one green title.

Set up as four separate 2 x 1 units (each with own power and water metres), each has a sitting periodical tenant with a settlement return of $1230pw.

But here's the thing.

The location is in the heart of Bellevue's General Industrial area and the zoning is exactly that.

According to The City of Swan, the objectives of the General Industrial Zone are to provide for a generally larger scale industrial development, including manufacturing, servicing, storage & distribution.

Imagine the possibilities!

We are seeking Expressions of Interest in the mid one millions and if you do your homework, on a per square metre basis, you will find this is a very attractive prospect indeed.

Enjoy the current return with four happy tenants or develop and prosper.