Land for sale

1 Newmarket Parade,

Butler, WA

0 0 0
Offers from high $600/m

PRIME CORNER WITH HUGE POTENTIAL

- High profile strategic corner acre site
- Land area 4453sqm (approximately)
- Zoned R80 mixed use
- DA for 54 two & three bedroom apartments
- Fully serviced & retained, ready to develop
- Close to all amenities
- Alternative uses may exist for commercial use*
(*Subject to council approval)

Martino Property Group is pleased to offer for sale by 'Expressions Of Interest' 1 Newmarket Parade, Butler. A rare opportunity to purchase a landmark property in this highly sought after and tightly held location.

The Opportunity
The property benefits from a Mixed Use R80 zoning allowing 4 storey building heights. Overlooking and elevated above Marmion Avenue, the site benefits from excellent passing traffic. The property is suited to a wide range of possibilities and alternative uses may exist for commercial use preferably with a residential component, such as Nursing Home, Retirement Home, Housing Association, Child Care Centre, Medical Suites or similar use (subject to council approval).

Currently, a Development Approval is in place expiring July 2020 offering;
54 Walk up apartments over three storeys with private staircases to apartment sections -

7 x 3 Bedroom 2 Bathroom 2 Car Bay Apartments
38 x 2 Bedroom 2 Bathroom 1 Car Bay Apartments
9 x 2 Bedroom 1 Bathroom 1 Car Bay Apartments

Car parking to residential units is on-site at ground level and provides ColorbondTM covered bays
11 on-site private visitor bays and 4 off-site visitor bays
14 bicycle stations

The property benefits from extensive:-

• Engineering Information
• Marketing collateral, digital images, drone footage, architectural renders
• Strata Titles, Survey & Unit Entitlements
• Consultation Reports (Acoustic etc)

Location
The site is located within the Mixed Use Precinct under Butler-Ridgewood Local Structure Plan and Brighton Estates. The property is only 500m walk from Butler Boulevard, where around 1km of shopping and bulky goods are situated, offering the likes of Woolworths, Coles, McDonalds, medical facilities and further shopping etc. The property is well serviced by public transport, having a bus stand right at the doorstep, and offers easy access to the metro train line that services all of Perth. Local schools, amenities, and even the sandy beaches of the West Australian coastline are all in close proximity. The Mitchell Freeway is just a short 8 mins drive and is currently being extended to Hester Avenue, approximately 5km away from the property.

Improvements
The subject site is square, level and regular in shape, elevated of the adjacent land, but benefits from a level access via the rear street. Previously used as a display car park, the site has a sealed surface, extensive engineered retaining walls on three sides, and includes fencing to most boundaries.

Zoning
The site is zoned Mixed Use for residential or commercial uses and is considered an elevated strategic site. The property currently benefits from a 4 year Development Approval expiring 15th July 2020 but could support alternative use. Refer to the extract from the Town Planning Report available from the selling agents.

Land Details
Frontage to Newmarket Parade - 54.5m
Frontage to Camborne Parkway - 43.5m
Boundary along Marmion Avenue - 50m
Total Land Area - Approx. 4,453sqm

Legal Description
Lot 2782 on Plan 73880
Certificate Of Title Volume 2797 Folio 798

Goods And Services Tax
The Seller is registered for GST and the property is sold with "Full GST" (GST payable in addition to the purchase price).

Sale Conditions
The property is offered for sale by 'Expressions of Interest' closing 2pm (WST) Thursday 29th June 2017. Offer documentation is available from the selling agents. Offers are to be lodged at the office of Martino Property Group, Leederville, before the closing time.

For further information please contact the selling agent:
Christopher Tana
Martino Property Group
0437 158 255
christopher@martinopg.com.au
Last updated: 08:37PM on Jul 17th 2017
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Suite 5, 250 Oxford Street
Leederville WA, 6007
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