413 Chapman Road, Bluff Point, WA 6530

413 Chapman Road, Bluff Point, WA 6530
Bluff Point Development Potential

Looking for a lucrative investment opportunity in the property market? Look no further than 413 Chapman Road, Geraldton. This large 1,566SQM block boasts R60 zoning, making it the perfect choice for developers looking for a multiple dwelling site in one of the most sought-after suburbs in Geraldton

With potential to build 5-6 units (STCA), this is a rare opportunity that doesn't come around often, especially one that has a laneway running from Chapman Rd up one side of the block which is part of the road and could potentially be used as drive way access to the future units, thus increasing the size of available land for more development. With vacancy rates in Geraldton still below 1% all properties entering the rental market are getting multiple applicants and being leased before you known it. New 3-bedroom, 2-bathroom homes can expect up to lease for up to $400p/wk, making this a highly attractive development opportunity.

The biggest selling point of this property is its unbeatable location. Situated just a stone's throw away from the beautiful Beresford foreshore & Beach, you will have easy access to all the sun, sand and surf your heart desires & if that is not enough, you'll also be within walking distance to A.J.'s Cafe, Rundle Park, The Broady restaurant and bar, Bluff Point Medical Centre & fresh fruit market are just a few of the hotspots that you'll be able to enjoy at your leisure.

If you are not ready to build yet, take advantage of the large 5-bedroom, 2-bathroom home currently on the block, which you could live in yourself or rent out for well over $400p/w. This provides a steady income stream while you decide on your next move.

Do not miss out on this incredible investment opportunity! Contact Will McKenzie on 0472 532 307 to arrange a viewing today.

*Please note that the images herein are for advertising purposes only. The information contained herein has been obtained from sources believed to be reliable, but we make no representation or warranty, express or implied, as to the accuracy or completeness of such information. Any projections, opinions, assumptions, or estimates used are for example purposes only and do not represent current or future performance. Prospective buyers should conduct their own due diligence and consult with their own legal, financial, and tax advisors before making any investment decisions