Block of Units for sale

Lots 1-4/2 Gadsdon Street,

Cottesloe, WA

6 4 4
$4,095,000 - $4,495,000

THE BEST ONE, PERHAPS THE LAST ONE?

R40 zoned land with amazing views. This precious rare earth has significant development potential, and is set at the head of a cul de sac showcasing amazing views of the Indian Ocean out to Rottnest. First time offered in over 21 years.

Tightly held and well located in the heart of central Cottesloe on an elevated 766sqm lot with R40 zoning, and only 200m from the beach.

Located adjacent to John Black Dune Park and has direct access to Bryan Way which is the fastest way to walk 200m to one of the best beaches in the world.

The existing two level 1950's building comprises of a ground-floor with two strata title units and upstairs with another two strata titled units with parking bays situated at the rear of the building.

Ripe for development this opportunity is truly unique and presents the astute buyer with the following options:

- Lease the current 4 individual units out as is while you determine the best way to maximise the redevelopment potential
- Renovate the 4 individual units and hold for the future
- Demolish and redevelop with multiple options available including; a single lot bespoke designed family residence, potential to create duplex or triplex lots, or consider the option to create a multi lot exclusive development of up to 6 units with potential basement parking. (Subject to approvals from the relevant authorities).

One thing for certain is that there isn't another property like this on the market and the opportunity to secure another one like it may never come around again.

Lifestyle benefits:

- World class sunrise and sunsets
- On the doorstep to some of the best beaches in the world renowned for crystal clear sand and water
- Early morning walks and swims all year round
- A family friendly atmosphere
- Live a healthy life with a magnificent lifestyle
- Easy access to public transport
- Close proximity to excellent schools

For further details, or to arrange an onsite viewing please register your interest.


APPROXIMATE OUTGOINGS:

Council Rates:
1 & 3: $1340.45 each lot per annum
2 & 4: $1366.81 each lot per annum

Water Rates:
1 & 3: $916.45 each lot per annum
2 & 4: $995.92 each lot per annum



* Chattels depicted or described are not included in the sale unless specified in the Offer and Acceptance. Please note the owner reserves the right to sell the property prior to the closing date. Any development potential is subject to approvals from the relevant authorities.
Last updated: 03:19PM on May 23rd 2019
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160 Stirling Highway
Nedlands WA, 6009
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