The Cornerstone of Your Next Development.
2 Shakespeare Avenue, YOKINE WA 6060
What to love
Zoned Residential R30, the property benefits from a regular site configuration and prominent corner position with dual street frontage to Shakespeare Avenue and Milton Street, creating an attractive proposition for a boutique residential development.
Key attributes include:
• 870m² total land area.
• Approximately 20m frontage to Shakespeare Avenue.
• Approximately 42.9m frontage to Milton Street.
• Potential for a three-lot residential subdivision, subject to approval.
• Potential to investigate Green Title or Survey-Strata configurations.
• Scope to explore alternative development concepts, subject to relevant planning approvals.
• Existing three-bedroom residence, providing potential holding-income opportunity while planning and approvals are progressed.
• Approximately 7km from the Perth CBD.
• Excellent proximity to parks, recreation, schools, shopping and transport.
The property is currently occupied by an established three-bedroom residence constructed circa 1960 featuring an original kitchen and bathroom, together with associated improvements.
The existing residence may provide the opportunity to generate rental income during the planning and approval period, while subdivision, design and development approvals are being progressed. This provides potential flexibility to offset holding costs while preparing for the site's future redevelopment.
The property is ultimately being offered for its underlying land and development potential, and purchasers should undertake their own enquiries regarding the suitability of the existing residence for leasing.
Method of Sale
The property is offered for sale by Expressions of Interest (EOI) on an "As Is, Where Is" basis. All offers will be presented to the Seller for consideration. The Seller reserves the right to negotiate with one or more interested parties until such time as an offer is formally accepted.
Interested parties are encouraged to undertake their own independent due diligence and satisfy themselves as to all matters relevant to the property and their proposed acquisition.
Who to talk to
To discuss this exception opportunity, contact Roberta Ceresa on 0435 935 999 or rceresa@realmark.com.au.
Who to talk to
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While care is taken, this information is sourced from third parties and public sources, and areas and distances are approximate.
Buyers should conduct their own investigations, as no warranty is given, and details may change.