Corner Site with Development Approval

Don't miss this once in a life time opportunity to realise your dreams!

Development Site with 34 Units Development Approval.

This is an excellent opportunity to purchase a superb corner development site with Development Approval for a two level residential development within approx. 200 meters of Kelmscott railway station and town centre.

All the hard works have been done for you to maximise your return.
• Large development site (3677 sqm) with existing rentable property
• Less than 22km to the Perth CBD
• Close proximity to Albany Highway, Tonkin Highway and Roe Highway
• Relatively flat site with good soil conditions to build on and storm water disposal (geotech report is available on request).
• All services are available at the front of the property.
• Development Approval valid until Apr 2017 for a superb 2 levels residential development comprising 34 apartments
• Periodically tenanted allowing options to continue lease up to construction start or vacant possession on settlement

The property is currently zoned R15/R40 and Shire has a proposal to increase to R60. Based on current zoning, there are several other options including up to 16off 3 or 2 Bedroom villas or 25off aged, dependent person’s or single bedroom dwellings subject to Shire approval.

Owners can consider joint venture development with prospective buyers.