33 Karoo St, South Perth, WA 6151

Corner Development Opportunity in an Exceptional South Perth

An outstanding opportunity for investors and developers to secure a premium property in one of Perth’s most desirable suburbs.

Positioned on a generous 809sqm corner block zoned R25, this site offers potential for two street-front homes (subject to council approval).

The existing 4x2x2 home is well-presented, featuring a swimming pool and a secure double garage, offering comfortable family living or an ideal investment while you plan your next project.

Currently leased at $1,300 per week (increasing to $1,365 in November) with a fixed lease until 30 November 2026, the property provides excellent holding income in an exceptional location.

Key Features:

• 809sqm corner block zoned R25

• Subdivision potential – two street-front lots (STCA)

• Solid 4x2x2 home with pool and double garage

• Currently tenanted at $1,300 pw (rising to $1,365 pw in Nov 2025)

• Lease expiry: 30 Nov 2026 – ideal holding income

• Council Rates: Approx. $3,830 p.a.

• Water Rates: Approx. $1,830 p.a.

Location Highlights:

• Approx. 4 km to Perth CBD

• Close to Swan River foreshore, Perth Zoo and Mends Street caf&aecute;s

• Easy access to Kwinana Freeway and public transport

• Within top school catchment areas

• Wesley College – 1 km

• South Perth Primary – 1.2 km

• Penrhos College – 3.5 km

• Surrounded by local parks, caf&aecute;s, golf course and lifestyle amenities

Whether you’re looking to land-bank, develop, or secure a prime South Perth address with strong rental returns and long-term capital growth, this is an opportunity not to be missed.

For more information call me now on 0424 194 509.

DISCLAIMER: The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however we cannot guarantee it. Accordingly, all interested parties should make their own enquires to verify the information.

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Every precaution has been taken to establish accuracy of the information but does not constitute any representation by the vendor or real estate agent. You should make your own enquiries as to its accuracy.