R40 zoned land with amazing views. This precious rare earth has significant development potential, and is set at the head of a cul de sac showcasing amazing views of the Indian Ocean out to Rottnest. First time offered in over 21 years.
Tightly held and well located in the heart of central Cottesloe on an elevated 766sqm lot with R40 zoning, and only 200m from the beach.
Located adjacent to John Black Dune Park and has direct access to Bryan Way which is the fastest way to walk 200m to one of the best beaches in the world.
The existing two level 1950's building comprises of a ground-floor with two strata title units and upstairs with another two strata titled units with parking bays situated at the rear of the building.
Ripe for development this opportunity is truly unique and presents the astute buyer with the following options:
- Lease the current 4 individual units out as is while you determine the best way to maximise the redevelopment potential
- Renovate the 4 individual units and hold for the future
- Demolish and redevelop with multiple options available including; a single lot bespoke designed family residence, potential to create duplex or triplex lots, or consider the option to create a multi lot exclusive development of up to 6 units with potential basement parking. (Subject to approvals from the relevant authorities).
One thing for certain is that there isn't another property like this on the market and the opportunity to secure another one like it may never come around again.
Lifestyle benefits:
- World class sunrise and sunsets
- On the doorstep to some of the best beaches in the world renowned for crystal clear sand and water
- Early morning walks and swims all year round
- A family friendly atmosphere
- Live a healthy life with a magnificent lifestyle
- Easy access to public transport
- Close proximity to excellent schools
For further details, or to arrange an onsite viewing please register your interest.
APPROXIMATE OUTGOINGS:
Council Rates:
1 & 3: $1340.45 each lot per annum
2 & 4: $1366.81 each lot per annum
Water Rates:
1 & 3: $916.45 each lot per annum
2 & 4: $995.92 each lot per annum
* Chattels depicted or described are not included in the sale unless specified in the Offer and Acceptance. Please note the owner reserves the right to sell the property prior to the closing date. Any development potential is subject to approvals from the relevant authorities.
This Cottesloe property is a six bedroom, four bathroom apartment sold by Scott Ellwood and Bev Heymans at Acton | Belle Property Dalkeith on 22 Nov 2019.
Looking to buy a similar property in the area? View other six bedroom properties for sale in Cottesloe or see other recently sold properties in Cottesloe.
Cottesloe is a suburb revered for its relaxed beach-side lifestyle. Close to the city, yet still far enough away to not be exposed to its hyper-urban nature, Cottesloe is an ideal location for those who want the best of both worlds. Its land area spans four square kilometres and is characterised by a blend of historical and modern residences.
With the beach at your door step and the city centres of Perth and Fremantle a short drive away, Cottesloe's enviable lifestyle is what makes it such a desirable location. The world-renowned Cottesloe Beach stretches for 1.5 kilometres and draws a crowd from all over the state, country and world. Also in the suburb is The Cottesloe Beach Hotel, which has been a landmark destination of Cottesloe for more than a hundred years. Cottesloe Railway Station, Cottesloe Shopping Centre and Grove Plaza are other notable fixtures of the area, as are the two local primary schools and local high school.