70-74 Slade Street, Bayswater WA 6053

Fringe City Development Opportunity!

This is it – the redevelopment opportunity that you have been waiting for! And what's more – it should be quite straightforward.

Oscar D'Souza Real Estate is proud to present 70–74 Slade Street, Bayswater - comprising an elevated rectangular site having a total land area of 1,619 m², a single Title with 3 housing lots already created on the Title (541m², 539 m² & 539m²).

Situated on the elevated site is an original, single level 4-bedroom 2-bathroom (two kitchens, two living areas) family residence – this really is a "Once in a Generation" opportunity for an astute developer.

The elevation of the land on Slade Street currently provides City Skyline views, however when redeveloped, will provide an outstanding City and surrounds view, with possible glimpses of the Swan River.

Prior to redevelopment, the property has a perfectly liveable 4-bedroom residential home – in fact, it is a requirement of the sale that the Seller will require a lease back of 3–6 months after settlement, in order to relocate.

Please make your own independent enquiries to the City of Bayswater as to the current zoning and development potential of the parent site. Our enquiries confirm the site is zoned "Residential R25" under the Current Town Planning scheme.

The redevelopment numbers on this property are quite straightforward – 3 elevated residential housing lots (after demolition of the existing residence) – if you are reading this, you would have a very good idea of what these are worth!

This property is offered for sale by "Offers to Purchase", a genuine sale that the Sellers are looking to 'close the chapter' on the family property, in order that they can move forward with life.

Very rarely does a development opportunity of this scale become available in the highly sought after Bayswater precinct. In close proximity to the rail line, the city, the Swan River, Optus Stadium etc. This list goes on!

Outgoings:
• Water Rates – $1,433 per annum
• Council Rates – $2,466 per annum

All enquiries to Oscar D'Souza on ?? 0419 929 383 or ?? [email protected]