6 Kintail Road Applecross WA 6153
DEVELOPMENT SITE

DESCRIPTION

- 2,529 square metre, square shaped site with a 50-metre frontage - Potential for 15 storey mixed use re-development - 27 existing units providing a holding income We are pleased to present to the market the opportunity to purchase a generous sized, square shaped development site in the Canning Bridge Activity Centre Plan, 'Florina Lodge' at 6 Kintail Road, Applecross. The 2,529 square metre site is located in a sought after and convenient location on the doorstep of the Canning River and Swan River in the prestigious riverside suburb of Applecross and provides a generous 50 metre frontage. At present, the opportunity at 'Florina Lodge' includes an existing residence comprising three buildings with three storeys each comprising a total of 27 units that provide a holding income to a purchaser while development plans are being pursued. The rental return when fully leased is approximately $850,000 per annum The property benefits from its position in the heart of the Canning Bridge Activity Centre Precinct and has a mixed-use zoning that allows for a 15-storey development with bonuses available if certain criteria are met. This property is contained within the highest zoning in the precinct and a future development of the sites maximum scale will likely enjoy both Canning River and Swan River views. 'Florina Lodge' is positioned in an excellent convenient location being close to the riverfront foreshore, Raffles Hotel, Applecross Primary School, South of Perth Yacht Club, public transport and Perth's integral freeway network. Other nearby amenities include both Curtin and Murdoch Universities, Applecross Senor High School, Saint Benedict's, Santa Maria, Penrhos College and Wesley College. For more information on the Canning Bridge Activity Centre Plan: https://www.melvillecity.com.au/planning-and-building/local-planning-strategy,-scheme-policies-and-plans/activity-centre-and-structure-plans/canningbridgeactivitycentre For further information please contact Renee Banovich on . Disclaimer: Disclaimer: Whilst every care is taken in the preparation of this information, its accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.