FIRST CLASS 1,964m2 MULTI-STOREY DEVELOPMENT SITE ALONGSIDE "THE CREST BURSWOOD"
This is a brilliant opportunity to take advantage of the continued redevelopment of Burswood from industrial to being the Eastern Gateway to Perth and what is now the centre of Perth’s sporting and cultural activities. Burswood is the location of Perth Stadium, The State Tennis Centre, Belmont Park Race Course and Crown Perth casino and hotel complex, including theatres and restaurants. Burswood is largely bounded by the Swan River, Graham Farmer Freeway and Great Eastern Highway. Located immediately across the Swan River from Perth’s Central Business District it is strategically placed to take advantage of continued fringe city development.
This prime land with front and rear access is 1,964m2 over four titles and has a frontage of 48.76m and a depth of 40.23m to a 5m bituminised rear general use laneway. It is zoned Office / Residential R80, with many other uses provided for such as Group and Multiple Dwelling, Service Apartments in Precinct Plan P2 under the City of Victoria Park Local Planning Scheme No. 1. The council is looking for building designs that accommodate modern business premises and a wide range of housing with an integration of work places with residences. The site has a prescribed building height within the precinct plan of 15m and Plot Ration 2.0. It is understood that higher buildings may be considered by council. Buyers should be aware that Draft Local Planning Policy No. 40 Burswood Station East Precinct has been approved by council and is awaiting further approval by WAPC. The new policy will set building heights at 6 stories. Please contact Town of Victoria Park for further information regarding their discretion over building heights. Deep sewage is available in Stiles Avenue.
In any city in the world this property would be highly considered being a few minutes from the Perth CBD by train from Burswood Station, 8km from Perth Airport, 800m from the Swan River and massive parklands with cycle ways to the city, 10km to the Swan Valley Wine Region and close proximity to universities and colleges.
The ownership of number 4 is not registered for GST or required to be registered and GST will not apply.
For further information please contact Phil Farris and Michael Fuller of Johnson Property Group.