156 Tribute Street East, Riverton


Property Description

1038m Corner Lot - Landmark Property

Offered 'as is where is'
Potential for 3 lots* this iconic home on two titles enjoys a triple income stream making it the perfect opportunity to land bank now and develop later.
Literally only steps away from the Riverton and Shelley foreshores with Lo Quay riverside Cafe and Fern Rd bridge the property is inside the Rossmoyne Senior High School intake area and enjoys easy access to transport routes and major shopping precincts.

The property consists of ...
1038m corner lot zoned R25 (potential to divide into 3 street front lots*)
Apartment 1 downstairs, has 3 bedrooms modern kitchen and generous garden entertaining space Current rental at $320 per week
Apartment 2 downstairs, has 5 bedrooms 2 bathrooms and large open living areas. Currently rented by the room between $150 and $170 pw respectively.
Apartment 3 upstairs is a one bedroom + study with private landing currently rented at $200pw.
Outside a fenced in ground pool (not in use) and a private courtyard area are paved.
The property is being offered on an 'as is where is' basis and leaves the options of
Retain and restore to the original
Amalgamate and divide into 3 vacant lots*
Demolish and build 3 new street front homes*
Build your own new home in this landmark riverbank location (so be prepared to be looked at)

With easy access to Perth CBD, Riverfront recreation areas, Curtin University, Rossmoyne Senior High School, and Carousel Regional Centre and Riverton foreshore only moments away this presents as the perfect opportunity for an astute investor to enjoy solid returns while triple income stream keeps costs down while holding.
* Subject to relevant authority approvals

Viewing by Appointment only with David Milkovits - 0412 999 775, Luo Zhang 0423 388 821 or Roberto Del Borrello 0431 408 466


bed 9 bath 4 car 3

Contact Person

David Milkovits

Roberto Del Borrello

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Bedrooms 9
Bathrooms 4


Type : House
Land Size : 1038 sqm
Water Rates : $1082Per Year
Council Rates : $1875Per Year