29 Stewart Street, Broome WA 6725

This massive block in Old Broome is ready for development, offering incredible potential for a variety of residential projects. Located in central Broome on the corner of Stewart Street and Walcott Street, this prime piece of land is just a short stroll away from Broome's key attractions. Whether you're a seasoned developer or someone looking to build your dream project, this property offers endless possibilities.

With a proposed R-Code (R50) on 2027 sqm of land, it's ideal for multi-unit developments, providing the perfect foundation to create a modern, vibrant living space in Broome's thriving community.
Key Features:
• Full-size original Old Broome block with a proposed R-Code (R50) zoning on 2027 sqm of prime land.
• Corner block with dual frontage access to both Walcott & Stewart Streets, offering flexibility and potential for enhanced visibility or access.
• Close proximity to local amenities: ChinaTown, Broome Hospital, Courthouse Markets, restaurants, and Broome International Airport are all within walking distance.
• High demand for suitable housing in Broome, ensuring potential for strong rental yields or future growth in property value.
• Great quality tenants already on standby, ready for occupancy once your development is complete.

Development Scenarios:
• Scenario 1 - Single House Development:
Ideal for: A spacious single home or luxury residence.
Development Type: New single house built in accordance with R50 requirements.
Max Height: 3 storeys (11m).
Notes: This offers a more private, single-residential build while maintaining the space and potential for future growth.

• Scenario 2 - Grouped Dwelling Development:
Ideal for: A small community of townhouses or clustered homes.
Development Type: Grouped dwellings in accordance with R50 requirements.
Yield: Up to 11 x Grouped Dwellings on the 2027 sqm lot.
Max Height: 3 storeys (11m).
Notes: A great option for providing modern housing solutions in Broome with multiple private residences in close proximity. **multiple government / corporate departments have expressed interest**

• Scenario 3 - Multiple Dwelling Development:
Ideal for: High-density residential development.
Development Type: Multiple dwellings (apartments or units) in accordance with R60 requirements.
Yield: Approximately 16-20 x Multiple Dwellings on the 2027 sqm lot.
Max Height: 3 storeys (11m).
Notes: Perfect for developers looking to cater to the growing demand for housing in Broome with a focus on high-density living.

Why Broome?
Broome is one of Australia's most popular tourist destinations, famous for its stunning beaches, laid-back atmosphere, and vibrant local culture. The housing demand in Broome continues to rise, driven by population growth, tourism, and its proximity to key infrastructure. This site offers a rare opportunity to capitalize on this growth and meet the demand for housing in one of Western Australia's most sought-after regions.

Development Advice:
General development and planning advice from WA Planning Commission is advised. Please note, this is for guidance only, and prospective buyers are advised to conduct their own due diligence.

Contact Details:
For further information or to discuss development opportunities, please contact Rueben directly at 0408 446 123.

Disclaimer: This property is currently under application for a residential zoning change to R-code R50, this zoning change is in the process of being approved with the WA Planning Commission.