RARE DEVELOPMENT OPPORTUNITY!

10,743sqm (approx.) of PRIME REAL ESTATE Zoned R20/R40 right in the heart of Pearsall - With the right vision and design this large parcel of land represents an OUTSTANDING OPPORTUNITY for someone to make a tidy return from a fantastic development site.

Currently plays host to an established 3 bedroom 1 bathroom family home that can easily be lived in or rented out in the short-term, while you plan for BIGGER AND BETTER THINGS.

Under the Agreed Structure Plan No. 6 (East Wanneroo Cell 4), the site has been earmarked for residential development by local council, assigning approximately 3,100sqm for residential development, approximately 3,500 for roads and approximately 4,000 for public open space. (The POS will attract a credit from the City of Wanneroo of approximately $750,000, upon subdivision, due to the requirement for the land to be acquired by the City for POS purposes.)

The existing house itself is as solid as they come, with formal lounge and dining areas, a contemporary kitchen, an open-plan family and meals space and a practical bathroom with a shower, toilet and vanity amongst the features. Extras include a double carport, a stainless-steel gas cooktop/oven, double kitchen sinks, a solar hot-water system and a workshop shed.

This BLANK DEVELOPMENT CANVAS in a PREMIUM SUBURBAN LOCATION is one of the biggest that the areas has ever seen and finds itself nestled close to schools, shopping, parks and more, ensuring it its ideally positioned for living convenience – no matter what the future holds. A ONCE-IN-A-LIFETIME OPPORTUNITY AWAITS YOU HERE!

DEVELOPMENT ENQUIRIES SHOULD BE MADE TO:
City of Wanneroo - Planning Approval Services
Phone: 9405 5000
http://www.wanneroo.wa.gov.au/

Please enquire with the Lovell Team at Realmark Whitfords for more information, and to receive a copy of the Agreed Structure Plan.

Other features include, but are not limited to:

•R20/R40 zoning
•Enormous 10,743sqm – or 2.65-acre (approx.) site
•Ripe for residential development (subject to council costs and regulations)
•Existing 3x1 house still in place
•Adjoins Salitage Park
•210m (aprox) to Pearsall IGA supermarket
•400m (approx.) to Pearsall Primary School
•9.7km (approx.) to Edgewater Train Station
•24.7km (approx.) to Perth CBD