The arrival of the property to the market provides astute investors/developers with a seldom available opportunity to acquire a sizeable and corner positioned land parcel, along arguably Osborne Parks premier thoroughfare.
Investment Highlights:
– Sizeable land holdings of 2,200sqm* across 3 adjoining lots
– Prominent corner position
– Extensive frontage
– Clear site and ready for development
– very tightly held precinct
– Three (3) lots on one parcel allowing for staged development
– Superb “District Centre R-AC2” zoning providing for very flexible development options
– Outstanding connectivity to major transport networks
Specific property details:
289 Scarborough Beach Road, Osborne Park
– Lot 9 on Plan 05993 as contained in Certificate of Title Volume 1871 Folio 54
– Area of 873sqm*
– Street frontage of 28.4 metres*
2 Jugan Street, Mount Hawthorn
– Lot 33 on Plan 06049 as contained in Certificate of Title Volume 2088 Folio 647
– Area of 680sqm*
– Street frontage of 28.1 metres*
4 Jugan Street, Mount Hawthorn
– Lot 34 on Plan 06049 as contained in Certificate of Title Volume 2088 Folio 648
– Area of 647sqm*
– Street frontage of 28.2 metres*
Zoning
The land parcel is zoned “District Centre R-AC2” under the City of Vincent’s Local Planning Scheme 2. The zoning allows for a variety of uses including commercial accommodation and high density residential (urban centre). R-AC2 allows for multi level developments of up to seven (7) levels on a generous plot ratio of 2.5. Proponents should make their own inquiries with relevant statutory authorities re zoning and development.
Location
The property is located on a prime location in the inner suburb of Osborne Park, approximately 8km North of the Perth Central Business District.
More specifically, the properties are located on Scarborough Beach Road, in-between Brady and Jugan Streets. The Glendalough Train Station is located some 300m to the West. Easy access to major thoroughfares is afforded via Mitchell Freeway (300m to the North) and Scarborough Beach Road (7.5km West).
Osborne Park is considered to be one of the most prominent Mixed Use, Residential, Industrial and Commercial suburbs. It has a diverse range of restaurants, cafes, chic hotels and other amenities that would be associated with such an area. The combination of tastefully historic renovated period residencies and commercial buildings, along with stylish, contemporary, medium density residential development adds to the sophisticated, urban feel of the area.
Outgoings 2021/2022*
289 Scarborough Beach Road, Osborne Park
Water Corporation – $858.82
Council Rates – $2,171.44
Land Tax – $12,699.45
2 Jugan Street, Mount Hawthorn
Water Corporation – $915.38
Council Rates – $1,869.09
Land Tax – $10,863.38
4 Jugan Street, Mount Hawthorn
Water Corporation – $925.02
Council Rates – $1,841.60
Land Tax – $1,513.20
Services
Each of the lots benefits from deep sewer connection and water supply, with natural gas infrastructure onsite for 2 & 4 Jugan Streets. Proponents are advised to contact relevant statutory authorities and providers regarding service to lots.
For further information, please contact Ric Olivieri or Franco Gangemi.
*Approx.