IF we are being completely honest, this property will not win any awards for its looks, but the opportunity it offers is first-class.
Built in the 1950s, the two-storey brick building includes four apartments.
A one-bedroom one-bathroom unit and two-bedroom one-bathroom unit are on the ground floor, with the layout repeated upstairs.
Each apartment has a kitchen and living/dining area and opens to either a balcony or a porch.
Outside, there is a laundry and parking for four cars.
That is what currently exists – now you can consider what could exist.
The property is on a 766sq m block zoned R40, a 200m walk from the beach and next to John Black Dune Park.
Build yourself a majestic home with stunning ocean views. Bask in glorious sunsets, take daily walks along the beach and enjoy all that the popular Cottesloe location has to offer for years to come.
Or you could consider development.
Subject to the relevant approvals, you could create duplex or triplex lots or a multi-unit development up to six units with basement parking.
Sell them or keep one for yourself and sell or rent the others.
This is the first time the property has been on the market for over 20 years and is an opportunity too good to overlook, and while you are deciding how to make the most of your new purchase you can rent out the current apartments and earn an income.
1-4/2 Gadsdon Street
Offers by April 11
Agency: Acton Cottesloe
Contact: Scott Ellwood on 0417 188 147 or Bev Heymans on 0419 099 243