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A RARE OPPORTUNITY
DEVELOPMENT SITE – 694sqm SITE
PRIME LOCATION ON THE PENINSULAR
SOLD, SOLD, SOLD
A rare opportunity to purchase a superb development site in one of South Perth’s most sought after precincts.
Situation on the South Perth peninsular just a short stroll to South Perth foreshore this is a truly unique opportunity to secure a property that not only offers heaps of potential to add capital value by way of a development or lease the existing building and develop it later.
Literally options galore for the astute buyer but not limited to:
-Redevelop the site entirely
-Lease the 1945 character home out and land bank and develop later.
This property has been in the family for many generations.
DEVELOPMENT INFORMATION
- The property is situated within the South Perth Activity Centre and falls within the Mill Point Precinct.
- The property is zoned Centre and has an R-Code of R-AC0
- There is a Primary height limit of 5 storeys and a tier 1 height limit of 9 storeys.
LAND DETAILS
Frontage to Stone St 15.09 metres
Frontage to Melville Parade 15.43 metres
Northern boundary 44.4
Southern boundary 47.6
Total land area 694 sq metres.
The property is within close proximity to the freeway entry / exit, the Swan River and a short walk to the Mends street shopping precinct.
The 1945 character home with all the charm of yesteryear has high ornate ceilings, picture rails, jarrah floor boards and 3 fireplaces can be leased out.
FEATURES
2 or 3 bedrooms
1 bathroom
Open plan kitchen and dining room
Sleepout
Large front verandah
Gas hot water system
Large front and rear yards
Single car bay with additional parking
The affluent suburb of South Perth is located 4 kilometres from CBD, right across the Swan River. South Perth is envied for its beautiful riverside positioning and breathtaking views from numerous vantage points. With numerous restaurants, cafes and pubs it is a great lifestyle and very convenient to everything.
OPPORTUNITY KNOCKS
Property features
-
Carports
1
Property snapshot by reiwa.com
This property at 5 Stone Street, South Perth is a three bedroom, one bathroom house sold by Lorraine Prosser at Next Move Real Estate on 25 Jul 2022.
Looking to buy a similar property in the area? View other three bedroom properties for sale in South Perth or see other recently sold properties in South Perth.
Nearby schools
South Perth overview
Envied for its beautiful riverside positioning, South Perth's affluent lifestyle provides breathtaking views from numerous vantage points within its five square kilometre land area. The established suburb has a commercial area within its boundaries, as well as significant parkland sections along the foreshore.
Life in South Perth
South Perth is rife with places to visit as well as restaurants, reserves and gardens, with perhaps its most notable feature being the Perth Zoo. Among its numerous dining establishments, Coco's on the foreshore is the most exclusive and takes full advantage of the gorgeous surrounding river views. The Windsor Hotel, Bar & Restaurant is a popular fixture of the suburb as is the Royal Perth Golf Club.
South Perth quick stats
High end
$2.1m
Median
$1.8m
Low end
$1.3m
-0.6 %
Annual growth
$1.8m
Annual median sales price
$950pw
Annual median rental price