Development Site & 18 Resi Units - Available Separately or Together

RWC WA proudly present an outstanding opportunity to secure a significant development site. This prime offering, has a Development Approval for a 27 level, 118 unit, luxury residential tower.

The 2,976m² corner site comprises of a view of the Swan River. This property comprises two relatively regular shaped lots, across two land holdings and titles including an 18 unit apartment block & a 2 level office building.

1-3 Lyall Street features;
• 16 two bedroom 1 bathroom units & 2 one bedroom 1 bathroom units
• 1,999m² corner landholding
• Current gross income of $382,200pa
• Potential gross income $700,000pa + (post renovation)
• Renovation/refurbishment opportunity

56 Melville Parade features;
• 977m² development site
• 27 storey height limit
• 7.6:1.0 plot ratio
• Existing 450m² NLA office
• River aspect
• Ideal medium sized development

Combined features;
• 2,976m² level corner site
• 360 degree views of the Swan River, Kings Park and Perth Skyline
• DA for 27 levels and 118 apartments
• Ideal location for a high end product
• Zoned - Centre (R-AC0)
• Corner allotment with significant frontage to Melville Parade and Lyall St
• Less than 650m* to Mends Street Jetty

For more information, contact the exclusive selling agents:

Stephen Harrison
0421 622 777
stephen.harrison@raywhite.com

Brett Wilkins
0478 611 1...
brett.wilkins@raywhite.com

Michael Milne
0403 466 6...
michael.milne@raywhite.com

*Approx

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