$904,000 (sold on 24-Mar-2021)

3 | 1 | 0

PRIME DEVELOPMENT OPPORTUNITY!!

Possible 4 Unit/Townhouse Site or Retain and build. STCA
Property will sell!!
Motivated interstate sellers!!
TOWN CENTRE STRUCTURE PLAN
The property is currently zoned R25 under the City's Town Planning Scheme, its located within the Bayswater Town Centre Structure Plan (BTCSP). The BTCSP was approved as of the 7 January 2021 by the Western Australian Planning Commission. The property is located within the R40 zoning.
This has also been gazetted. See the link to Council's webpage below to the BTCSP.

Visit: bayswater.wa.gov.au/development/strategic-planning-projects/bayswater-town-centre-structure-plan

The actual rezoning of the land will be undertaken as a separate process by Development WA. From The City of Bayswaters understanding they believe that Development WA is going to adopt all Structure Plan changes, including the rezoning of the subject site to R40. To be finalised by April 2021.

The Site area for this one is 1,025sqm. Under the new zoning of R40, the average site area under the current R-Codes (volume 1) is 220sqm per lot. Which means a subdivision of 4 dwellings may be possible subject to approval and detailed design. There also may be the potential allowance for multiple dwellings on site - depending on how Development WA resolves the final structure plan.

THE HOUSE
Built in 1950 this solid 3 bedroom plus study air-conditioned Brick and Tile Character Federation home is currently under periodic lease. Solid Jarrah floors throughout Near New Kitchen and 5 Star bathroom. And only a short walk to Bayswater town centre and Train Station.


To be sold by way of Openn Negotiation (Flexible online auction).

The Auction had commenced and the properties can sell at any time.
As soon as we reach the right number the final bidding stage will commence.
Extremely motivated seller!!

Contact Richard Eldridge immediately to become qualified

SMS 'Beechboro' TO 0404216528 FOR MORE INFO

This property is occupied so please inspect the property by appointment with the agent or at home opens only.

Features

Land Area : 1025.00 M² Bedrooms : 3 Bathrooms : 1 Toilet : 1 Study BuiltInRobes Workshop FloorBoards Broadband SplitSystemAircon ReverseCycleAircon OutdoorEnt FullyFenced

Property Location

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Contact Agent

Richard Eldridge

P: +61404216528

M: 0404 216 528

richard@getrealea.com.au



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