LANDMARK PROPERTY IN THIS HIGHLY SOUGHT AFTER AND TIGHTLY HELD LOCATION
Michael Martino and ProProperty Group is pleased to offer FOR SALE by "Expression of Interest" 26 Bronte Street, East Perth.
A Rare opportunity to purchase a landmark property in this highly sought after and tightly held location.
This 1,016m² Mixed use development Land opportunity is positioned on the high side of the road in one of the most sought-after redevelopment areas in East Perth. With the development potential only really limited by your imagination an opportunity exists for a switched-on developer to take this site to its full potential.
Currently under the EPRA scheme 2 which supports mixed use development. As a guide we believe the council would support office or retail below with residential apartments above. Any development would also be subject to compliance with the MRA Central Perth Redevelopment Scheme, including the vision for the Plain Street Precinct, and the MRA Central Perth Development Policies.
Being sold by expressions of interest. This parcel is set in a brilliant location, walk to the Optus Stadium, walk into the Perth CBD and enjoy all the amenities it has to offer, major shopping facilities, cafés and restaurants
with easy access to public transport then Elizabeth Quays.
This property is the perfect opportunity in a stabilizing and positive market for the wise investor, developer or land banker to secure a premium, value added property in an outstanding location.
The Design Guidelines specify the following: Maximum Height: 4 storeys.
Plot Ratio: Maximum Plot ratio of development on site is 1.5. The Plot Ration may be increased to a maximum of 2.5 should 50% of the excess plot ratio be dedicated to residential use. Any proposed parking at or above ground level will be included the plot ratio calculations.
Setback: A nil -3m setback from Bronte Street lot boundary is allowed. A nil side of rear setback may be considered, should the amenity of the neighbouring development (in terms of natural light, ventilation and privacy, etc.) not be compromised.
There is a current proposed development for the Old Girls School directly across the road . It's a stunning building and will be conserved and brought back to life as part of a major precinct redevelopment.
The draft Design Guidelines apply includes the former Perth Girls School on Wellington Street together with the former Motor Vehicle Licensing site and four adjacent residential Lots between Bronte Street and Wickham Street, East Perth. A public piazza out the front of the building, to create a green space that connects with the street. The precinct will also have high density/apartment living, which is also needed to create
a more vibrant, dynamic city, day and night.
A magnificent 1016m² development site located in a superb location has presented itself with a range of commercial and/or residential development options. Call Michael Martino today to obtain further information on this fantastic Development opportunity.
Remember to mention you found this property on DevelopmentReady.com.au