The site has been levelled and is ready for immediate redevelopment with two street frontages this site offers the prudent developer a multiple of options.
Location
Located only 1 km from the epicentre of the midland town centre. This location offers easy accessibility to the newly developed health and education hubs with close access to the swan districts hospital. The property offers the savvy developer an instant market with copious medical and educational accommodation options available.
The heart of the midland shopping precinct is only minutes away and being so close to Perth city and the airport precinct this property is ideally located for a multitude of uses.
Approvals
A current approval is in place for 97 apartments in total 43 (1 bedroom x 1 bathroom) 52 (2 bed x 2 bath) and (2 x 2 bed x 1 bathroom) (these are also designed for dual key access) total building area is 5137 sqm with approval for a 4-5 story building including a gymnasium, common kitchen, function room, executive lounge, swimming pool and common outdoor areas. Note a full copy of the DA granted on the 20th of April 2020 is available on request.
Zoning
Currently zoned R80 the current approval allows for the amalgamation of all four titles and the sale includes the approved plans which support both long and short term use with a unique dual zoning allowing the owner the ability capitalise on all market sectors.
Overview
The opportunity is a rare entry into the lucrative short term accommodation market which could ideally focus on medical style tourism or educational accommodation based on the edge of the swan valley wine region the potential for this under serviced area for tourism is relatively untapped with over 7500 jobs being created in the new rebirth of the Midland town centre under the watchful eye of the MRD auth along with huge reshaping of the midland medical, educational and shopping precincts the area is poised for enormous rental and capital growth in the coming years. The possibility of supplying direct to the medical sector or for the supply of build to rent stock along with further room to explore options to enhance tourism and lifestyle accommodation is rather unprecedented. This opportunity offers amazing upside with full plans, drawings and approvals made available to the successful offer. Sale is by expression of Interest