The arrival of the property to the market provides an outstanding opportunity for astute investors/developers to capitalise on the highly flexible and versatile zoning virtues, afforded to the property. The offering presents as a seldom available opportunity to acquire one of the few remaining sizeable land parcels, with significant upside, located within the highly desirable and established suburb of Stirling.
INVESTMENT HIGHLIGHTS
– Substantial site area of approximately 3,718m²*
– Strategic location within an established and highly desirable area
– Superb connectivity and proximity to major transport networks and public transport
– Excellent local amenity
– Cul-de-sac location directly opposite park
– Highly versatile zoning allowing for multi-level development^
– Potential holding income via residential improvements
– Flexible development options
– Develop today or landbank for tomorrow
– One of the few remaining sizeable land parcels
PROPERTY DETAILS & SERVICES
The property is positioned at the end of a cul-de-sac, directly opposite parkland.
The property finds itself as a strategic piece of real estate by virtue of its size, redevelopment potential and proximity to various transport routes and key attractions (i.e. shops, schools, parks etc).
Subject to the necessary consents and council approvals, the property is perfectly placed to capitalise on its developmental attributes by virtue of physical features including its substantial size, slight elevation from street front and extensive boundary lengths.
The site includes a brick and tile duplex pair, fronting Osborne Place and currently occupying approximately 680m2* (including yard area)
along the north eastern section of the site.
Services available to the site include water, power and deep sewerage, however the property is not connected to sewerage.
LOCATION
8 Osborne Place is strategically located within the well established and highly desirable suburb of Stirling, approximately 11 kilometres* north west of the Perth CBD.
A well rounded suburban existence is on offer in Stirling, with excellent local amenity, including numerous parks, reserves and public open space, educational and medical facilities, complimented by an abundance of retail and hospitality. There are numerous shopping centres in the immediate area including the local centres of Stirling Village and Roselea Shopping Centre and major centres of Westfield Innaloo, Karrinyup Shopping Centre and Ikea, all providing a variety of convenient shopping options. The Osborne Park Hospital is located 450 metres from the property.
The property benefits from excellent connectivity and proximity to major transport networks such as; the Stirling Train and Bus Terminal, Transperth Bus Routes along Karrinyup Road and Cedric Street and numerous primary thoroughfares including Mitchell Freeway providing direct access to Perth CBD and to Joondalup and northern corridor areas. Karrinyup Road provides direct access to coastal areas including Trigg Beach and complimenting hospitality outlets.
TOWN PLANNING & ZONING
The City of Stirling advises that the property is zoned as Development with the Stirling City Centre Special Control Area, under their Local Planning Scheme 3.
All proponents must complete their own enquiries with The City of Stirling in regards to preferred use, permits and height restrictions.
STATUTORY OUTGOINGS
Water Corporation (Service Charge) $ 990.14*
City of Stirling (Rates) $2,402.04*
Office of State Revenue (Land Tax): (refer below)
We have been advised by the Office of State Revenue that given the sizeable land holding, the property would be subject to a final assessment in respect of Land Tax. Proponents must undertake their own inquiries with the Office of State Revenue, in this
regard.
For further information, or to obtain a copy of the Information Memorandum, please contact the exclusive selling agents.
*Approximately
^STCA
