Development Site in the Midland Town Centre

Here is a unique opportunity to invest in a significantly located property of 1,444 square metres in the heart of the Midland Town Centre. The property is situated within the Midland Activity Structure Plan and its zoning is known as the Morrison Road East Precinct. This zoning allows residential development up to an R Coding of R100 up to a maximum of 4 Storeys as illustrated on page 104 of the Shire of Swan's Midland Activity Centre Structure Plan Approved 30th January 2018. The property is situated within the Morrison Road East Precinct of the Structure Plan.

The residence built on the land is an older style single level brick which comprises of 3 bedrooms and 1 bathroom. It is currently providing a rental return of $300 per week.

With our growing population and a shortage of homes for sale or for rent currently, this property is well located for development because there are so many facilities close by. The facilities include Midland Gate Shopping Centre at the end of the street, public transport close by including the train line into the Perth CBD, schools, shops, sporting facilities, they are all close by.