Don’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 persons or single bedroom dwellings subject to Shire approval.

Owners can consider joint venture development with prospective buyers.