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Under Contract
68 & 70 Monash Avenue, Nedlands, WA, 6009
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Property Highlights

COMMERCIAL PERMITTED ONLY ON GROUND FLOOR (INCLUDES MEDICAL), RESIDENTIAL ABOVE
Property Highlights:
 
Nedlands - Development Opportunity with holding income
 
COMMERCIAL PERMITTED ONLY ON GROUND FLOOR (INCLUDES MEDICAL), RESIDENTIAL ABOVE
 
Key attributes:
• Both sites to be sold as one parcel
• 982 sqm (2 Titles)
• This land parcel comprises 2 contiguous titles with a RAC-3 zoning that provides mixed use outcomes.
• The sought-after Nedlands address and zoning provides for a potential development within the Nedlands Hospital precinct.
• Total leased holding income of $52,000 per anum (periodic / month by month lease across bothtitles)
• Council rates 68 Monash ($2,064.05 21/22), 70 Monash ($3,882.02 21/22)
• Water rates 68 Monash ($1,304.73 21/22), 70 Monash ($1,345.50 21/22)
 
Zoning:
• Zoned Centre (R-AC3)
• Mixed Use
• Plot Ratio 2.0
• Potential 6 storeys under compliant scheme Parking:
• Parking Requirements for Commercial Development:
 
- Commercial – minimum 12 bays/block
- Apartments – 1 x 1allocated 1 bay
2 x1 allocated 1.25 bays / unit
3 x 1 allocated 1.25 bays / unit
4 x 1 allocated 1.25 bays / unit
1 Visitor bay for every 4 apartments
 
*SUBJECT TO BUYER’S OWN DUE DILIGENCE AND WAPC APPROVALS
 
Please contact Gordon Davies to inspect or discuss
Gordon Davies Real Estate
M: 0409 181 727 E:
 
Remember to mention you found this property on DevelopmentReady
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