The recent introduction of City of Melville Local Planning Scheme 6 has upgraded the current zoning of this huge 1715m2 site to R40. It consists of 2 existing lots of 793m2 and 922m2 as pictured.

This development site has the potential for either 7 Survey Strata lots (Subject to Council Approval) or up to 14 multiple dwellings ( Subject to council Approval and the appropriate build design).

The property is just a short walk to Garden City Shopping Centre, soon to be upgraded with the proposed $750 million expansion. It is close to transport, Piney Lakes Reserve and popular schools, including Applecross High School, Booragoon or Ardross Primary School.

Both properties have an existing home. One home is currently tenanted at $500/week and the other home is likely to fetch a similar rental return. Invest now and have a good rental income while your development plans are submitted to council.

Call Calnan Property for further details on 93643999 today!