19 Great Eastern Highway, Bellevue, WA 6056
Bellevue 5房 High-Return Investment Property with Subdivision Potential
From 799k19 Great Eastern Highway, Bellevue, WA 6056
High-Return Investment Property with Subdivision Potential
Currently, 19 Great Eastern Highway operates as a high-return investment property with multiple separate lease agreements in place. When fully tenanted, it provides a generous rental return-potentially a positively geared investment. The leases vary in length, with the longest running until August 2025, offering immediate cash flow security for investors.
Sitting on a 677sqm block zoned R20/40 under the City of Swan, the property also offers future subdivision potential (subject to WAPC and council approvals). This versatile zoning allows a variety of residential and discretionary uses, making it an attractive option for both investors and developers.
Next door, 21 Great Eastern Highway is also available for sale, creating a combined landholding of approximately 1,300sqm.
Property Highlights:
• 5 bedrooms, all with air conditioning
• 2 renovated bathrooms
• Spacious kitchen and open-plan living areas
• Strong rental returns with multiple separate leases in place
• 677sqm block zoned R20/40 - subdivision potential for two lots
• 1 car port plus additional open parking spaces
• Easy access to Midland district, Roe Highway, and public transport
• Close to local schools, shops, and community amenities
Zoning & Development Information:
• City of Swan - Residential R20/40
• Subdivision potential for two lots (subject to approvals)
• Permitted uses: Residential
• Discretionary uses (require council approval): Childcare premises, Bed & Breakfast, Community Purpose, Consulting Rooms, or Educational Establishment
A prime investment opportunity combining strong rental income today with excellent long-term development prospects in a well-connected, growing location.
Disclaimer: While every effort has been made to ensure the accuracy of the information contained in this advertisement, Turner Estate Agents accepts no responsibility and disclaims all liability for any errors, omissions, inaccuracies or misstatements. Prospective buyers are encouraged to make their own enquiries to verify all information, including but not limited to measurements, property features, boundaries and any other details that are material to their purchasing decision.