193A & 193B Marmion Street, Palmyra WA 6157

Development Opportunity

Savvy investors and forward-thinking developers - your golden goose has landed in Palmyra.

Sitting pretty on a wide 20.12-metre (approx.) north-facing frontage, this rare 1,115sqm (approx.) gem boasts not just one, but two, duplex homes that are comfortable, rentable and income-ready while you plan your next move.

The existing 2 bed 1 bath (renovated - 193A Marmion Street) and 3 bed 1 bath residences each offer air-conditioning, dishwashers, separate living and dining zones and lovely outdoor areas - the latter with a huge backyard that is made for family cricket and the other with a patio perfect for summer wines.

There's even a large workshop shed (on the 3x1 at 193B Marmion Street) and engineered retaining already done, saving you time, effort and serious cash.

Tucked into a high-demand pocket near lush green parks, Palmyra Primary, cool cafes, shops, other top schools and the river - plus only minutes from Fremantle - this unique site is as connected, as it is clever.

This property is currently zoned R20 but is earmarked to change to R40 in the future. The opportunities are numerous.

1. Lease out or live in the current properties
2. Amalgamate the 2 existing dwellings and subdivide to create a second vacant block at the rear. This block will become a development site with the change to R40.
3. Land bank the total property for the future.


- 1,115sqm (approx.)


FEATURES:

- Currently playing host to two duplex homes - to be sold together and all-inclusive
- R20 Zoning with possible R40 zoning
- 193A Marmion Street, Palmyra - revamped 2x1 duplex with separate living and dining areas, air-conditioning, a dishwasher and patio for outdoor entertaining
- 193B Marmion Street, Palmyra - delightful 3x1 duplex with separate living and dining areas, air-conditioning, a dishwasher, a massive backyard and a rear workshop shed
- Engineered retaining already completed
- Wide north-facing frontage
- Excellent parking options across the board
- Bus stop out front
- Close to parks, Palmyra Primary School, cafes, restaurants and shopping centres, Easy access to other excellent schools (including the Our Lady of Fatima Catholic Primary School and Melville Senior High School)
- Minutes from the Royal Fremantle Golf Club, the river and even the heart of old Fremantle town
- A high-demand and unique opportunity in an ultra-convenient location