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Adam Naumovski presents…
206 Arkana Road, Westminster
A rare opportunity has presented itself for an astute buyer or savvy investor looking to take advantage of a one of a kind property in Westminster.
Sitting within the City of Stirling “Local Centre” zoning, and zoned r80, this once in a lifetime opportunity is ready and waiting for a savvy investor to pick up the best development opportunity in Perth!
Sitting on an immensely large 1,502sqm block in an ultra-convenient Westminster location, surrounded by parks, easy access to Reid Highway and nestled between 2 major shopping districts, everything this development needs and more is right on its doorstep.
Situated on a corner block with dual access from Arkana and Majella road, this r80 development site has prime size and positioning to make your next development a huge success. Under the current planning scheme, the opportunity here is to build 12, yes 12! Brand new villas or townhouses at an average of 120sqm per lot. The other exciting opportunity here is to take advantage of the plot ratio of 1 and height limit of 3 stories, so you can begin the planning of your very own apartment complex! Due diligence is of course required, but I think you can start to see the incredible potential this block has to offer
This extremely rare site is also be perfect for to build a smaller 6-7 villa or townhouse development, and apartment complex or even to subdivide the land a sell!
While you wait for your plans to go through council and your busy designing your next suburban masterpiece, Currently housing 2 commercial locations with one lease already in place and another vacant premises waiting for a tenant, plus a 2 bedroom apartment upstairs you have an immediate income from the moment the property becomes yours.
Current Lease Information:
One retail space is currently vacant. One retail space is leased as follows:
Leased to: Arkana Delicatessen
Term: Five (5) years commencing 1st September 2016
Option: Five (5) years commencing 1st September 2021
Net Passing Rental: $38,184 p.a. plus GST
Annual Reviews: Market Review
Outgoings: Tenant is responsible for 75% of all Statutory and Common Outgoings in respect of the whole site.
(N.B. No liability accepted for any errors, omissions or inaccuracies. Interested parties must refer to the deed of lease for full details.)
Property Information
Vacant premises approximately 90sqm
Tenanted premises approximately 170sqm
2 bedroom apartment approximately 80sqm
With all the above and still a huge opportunity to improve, there is not a lot of opportunities like this available in the market anywhere in Perth, let alone sitting in the highly convenient and establishes suburb of Westminster.
Don't let this be the missed opportunity you look back on in regret, call team Naumovski for more information.
DON'T MISS OUT CALL TEAM NAUMOVSKI ON 0424 364 326
TEAM NAUMOVSKI | FOR ALL YOUR REAL ESTATE NEEDS
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
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