$900,000

3 | 1 | 1

PRIME DEVELOPMENT OPPORTUNITY ELEVATED SITE!!

Unit/Townhouse Site or Retain and build. STCA
Property will sell!!
Motivated 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 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. Development WA are now accepting applications under the new R40 Zoning.

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

The actual rezoning of the land has been 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. Development WA are now accepting applications under the new R40 Zoning.

The Site area for this one is 1,012sqm. Under the new zoning of R40, the average site area under the current R-Codes (volume 1) is 220sqm per lot. This 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 1951 this Brick, Fibro and Tile spacious renovated home. 3 bedrooms, 1 bath, study, sleepout/games, lounge, dining, meals. And only a short walk to Bayswater town centre and Train Station.
To be sold As-Is. The seller is also happy to rent back at market rates.

Extremely motivated seller!!

Contact Richard Eldridge 040421658

Features

Land Area : 1012.00 M² Bedrooms : 3 Bathrooms : 1 Toilet : 1 Garages : 1

Property Location

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Contact Agent

Richard Eldridge

P: +61404216528

M: 0404 216 528

richard@getrealea.com.au



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