188 Loftus Street North Perth 6006 WA
This 1315m2 R60 site offers the prudent investor developer a unique opportunity to develop between 8 to 12 units whilst having the great security of 3 two bedroom homes returning a solid $40,000p.a. plus holding income.
Under the new criteria pertaining to major arterial roads this property ticks all the boxes to increase the current plot ratio.
Greater than 1000m2 site on a major arterial road in an inner city location
Plot ratio Block size 1,315sqm plus 342sqm bonus for single bed units use 1,657sqm for calculations, plot ratio circa 1,120sqm is 67% < 70% allowed
Setbacks All setbacks within allowable limits
Overlooking To be redefined balconies where necessary to be screened
Car parking 14 permanent bays plus 6 visitor bays, plus provision for 10 plus cycle racks
Please see pictures for a possible design for development. Please ensure you make your own relative enquiries to the respective authorities.
Email this agent
Email sent successfully!
Your email has been sent.
Would you like to get The Real Estate Conversation?
Get new properties in your inbox
Real Estate For Sale in North Perth, WA 6006 priced between $800,000 and $1,600,000