House for sale
1, 3 & 5 Banyard Avenue,
3 1 3
Corner Site with Development ApprovalDon't miss this once in a life time opportunity to realise your dreams!
Development Site with 34 Units Development Approval.
This is an excellent opportunity to purchase a superb corner development site with Development Approval for a two level residential development within approx. 200 meters of Kelmscott railway station and town centre.
All the hard works have been done for you to maximise your return.
• Large development site (3677 sqm) with existing rentable property
• Less than 22km to the Perth CBD
• Close proximity to Albany Highway, Tonkin Highway and Roe Highway
• Relatively flat site with good soil conditions to build on and storm water disposal (geotech report is available on request).
• All services are available at the front of the property.
• Development Approval valid until Apr 2017 for a superb 2 levels residential development comprising 34 apartments
• Periodically tenanted allowing options to continue lease up to construction start or vacant possession on settlement
The property is currently zoned R15/R40 and Shire has a proposal to increase to R60. Based on current zoning, there are several other options including up to 16off 3 or 2 Bedroom villas or 25off aged, dependent person’s or single bedroom dwellings subject to Shire approval.
Owners can consider joint venture development with prospective buyers.
Last updated: 08:20PM on Apr 2nd 2017