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The owners have designed concept plans to build 18 apartments - 3 story complex.
Couldn't ask for a better location with Forrestfield Forum Shopping Centre on the opposite side of the road.
The design consists of a combination below:
4 (1x1's) @ 50m2 floor pan
8 (2x2's) @ 70m2 floor plan
6 (3x2's) @ 90m2 floor plan
There are multiple other options for this prime development site:
1. Nest egg – perfect for land banking - rent the house (currently rented at $480 per week) - approx. $25,000 P/A still being a positive geared property – approximately 3%
2. Live in the property and enjoy a big block in a great location
3. Demolish and build the dream house or houses for the extended family
4. Retain and develop the remaining part of the land
5. Subdivide the land and sell the blocks – with the option using from R20 up to R60
***Zoning block size requirements: all subject to Kalamunda shire approval / WAPC***
R20 – minimum 350m2 average 450m2 – perfect for 4x2 double garage homes
R25 – minimum 300m2 average 350m2 – perfect for 3/4x2 double garage
R30 – minimum 260m2 average 300m2 – perfect for 3x2 double garage –
R35 – minimum 220m2 average 260m2 – perfect for 3x2 double garage –
R40 – minimum 180m2 average 220m2 – perfect for 2x2 single/double garage
R50 – minimum 160m2 average 180m2 – perfect for 2 story town house
R60 – minimum 120m2 average 150m2 - perfect for apartments or 1/2x1 single garage
6. BEST OPTION - DEVELOP THE LAND AND BUILD: subject to council and WAPC
using special purpose dwellings – which allows a 3 for 2 density bonus for building 1 bedroom x 1 bathroom with single garage
**** THIS IS THE SMARTEST WAY TO MAXIMIZE THE PROFIT DUE TO THE IDEAL LOCATION AND AFFORDABLE HOUSING FOR FIRST HOME BUYERS, INVESTORS, RETIREES LOOKING, FIFO WORKERS ****
This large block features a private driveway with a large tidy 3 bedroom, 2 bathroom thoughtfully designed home, and there is a granny flat next to this property with shared utilities with a separate power sub-meter in place.
LOCATION: Forrestfield shopping centre on the opposite side off the road ( All within 400m ) – Dome café, Coles, Woolworths, Hale Rd tavern, Food Outlets – McDonalds, Hungry Jacks, KFC Chinese , Medical Centre, Petrol Station
CLOSE-BY: Tonkin Highway 2.1k, Roe Highway 4.3k, Welshpool and Kewdale Industry area 6.5K, Kalamunda Town centre 9k, Westfield Carousel & Belmont Forum 10.5k, Midland 12.5k, Perth Airport 10.1k
SCHOOLS: Forrestfield primary school 650M, Heritage College Perth 1.4k, Woodlupine Primary School 1.7K , Dawson Park Primary School 1.8K, Darling Range Sports College 1.9K, Forrestfield Training Academy 6.1K
RECREATIONAL: Cambridge Reserve 1.4k, Holy Monastery of St John of the Mountain 1.7K, Hartfield Park Recreation Centre, Dog Park & hockey club 1.8K, Hartfield Golf Club and Golf course 2.8K, Lesmurdie Falls National Park 9.2k
FOR ANY FURTHER INFORMATION PLEASE CALL DAVID EDMONDS ON 0410 411 246.
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